Italy's Eni finds 'supergiant' natural gas field off Egypt
The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea.
The news came a day after Eni CEO Claudio Descalzi met in Cairo with Egyptian President Abdel-Fattah el-Sissi, the Egyptian leader's office said.
Eni said the discovery, made in its Zohr prospect "in the deep waters of Egypt", could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers (38.6 square miles).
