Italian energy company says new gas discovered off coast of Egypt
Italian energy giant Eni announces what it describes as a significant gas discovery offshore of Egypt in the eastern Mediterranean.
Eni says the discovery at the Nargis-1 exploration well was made in the Nargis offshore area concession.
Eni says it will further develop the offshore area thanks to a recent award of several exploration blocks. The concession area measures some 1,800 square kilometers (about 700 square miles).