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Huge Off-Shore Natural Gas Discovery Found Near Egypt

Italian energy giant ENI has announced the discovery of what it says is the largest-ever off-shore natural gas field in the Mediterranean, inside Egypt's territorial waters. In a statement Sunday, ENI said the 100 square-kilometer field holds a potential 850 billion cubic meters of gas in the deepwaters of Egypt. It said the discovery well is 190 kilometers from the Egyptian coast at a depth of 1,450 meters. The news follows a visit by ENI CEO Claudio Descalzi to Cairo for...

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