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EIPAF - Eni: New Discovery Enhances Egyptian Story
ENI S.p.A.
On Wednesday, July 1, 2020, Italian energy giant Eni S.p.A. (E) announced that it has made a new gas discovery off of the coast of Egypt. This is a continuation of the success that the company has been enjoying in the region over the past several years. In fact, as I have been discussing in past articles, Eni has the potential to generate a significant amount of forward growth from that nation due to its substantial natural gas reserves in the nation. It seems likely that this new discovery will add to the