VOL. XL

No. 50

15-December-1997

EGYPT

Italy's Snam Joins Egypt's LNG Project

The Egyptian General Petroleum Corporation (EGPC), Amoco and ENI announced on 11December that the ENI affiliate Snam has joined the EGPC/Amoco liquefied natural gas (LNG)project. The working interests in the project are now Amoco 45%, Snam 45% and EGPC 10%.Italian participation in the project was predicted as early as last March by Egyptian OilMinister Hamdi al-Banbi in an interview with MEES (MEES, 17 March). In...