Italian energy company says new gas discovered off coast of Egypt

View of a Mediterranean sea gas drill platform (Nati Shohat/FLASH90)
Illustrative: View of a Mediterranean sea gas drill platform (Nati Shohat/FLASH90)

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).

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