UPI: Italy's Eni sees Cyprus role in Egyptian gas development

Italian energy company Eni said the republic of Cyprus could serve as a strategic energy hub and a possible conduit for future Egyptian natural gas supplies.

Eni Chief Executive Officer Claudio Descalzi met in the Cypriot capital, Nicosia, with President Nicos Anastasiades to discuss the potential for future cooperation. The Italian company said Cyprus could play a role in the near future in a scenario involving the recent gas discovery made off the coast of Egypt.

"Eni believes in the significant synergies of joint development in the entire area of the eastern Mediterranean," the company said in a statement. "This area could be of crucial strategic importance as a gas hub for the whole region and also makes an important contribution to European energy security."

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