Eni (ENI IM) has made two new gas discoveries in Libya, totalling more than 1 Tcf
Importance
Level 1
- "Preliminary volumetric estimates indicate that the BESS 2 and BESS 3 structures jointly contain more than 1 Tcf of gas in place. Their proximity to the Bahr Essalam field - the largest offshore field in the country, in operation since 2005 - will enable rapid development through tie-back to existing offshore facilities. The gas produced will be supplied to the Libyan domestic market and for export to Italy."
#ITALY#EUROPE#ENI SPA#ENI.IM#EQUITIES#ENERGY#EU SESSION#US SESSION#WTI#INTEGRATED OIL & GAS#OIL, GAS & CONSUMABLE FUELS#ENERGY (GROUP)#EURO STOXX 50#GAS#ENERGY & POWER