Reuters: Eni open to selling stake in supergiant Egypt gas find

Italy's Eni is open to selling a stake in its "supergiant" Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividends.

Eni said on Sunday it had discovered the largest known gas field in the Mediterranean off Egypt, covering an area of about 100 square kilometres (39 square miles) and containing a potential 30 trillion cubic feet (tcf) of gas.

The find could help meet energy-starved Egypt's gas needs for decades and pose a challenge to other gas projects in Egypt, Israel and Cyprus.

Read the full article HERE