The United States and Italy recently discovered new natural gas in Egypt. The United States expressed the hope that the new discovery can completely replace the natural gas imported from Russia by 2025.

Schematic, not related to this news.

(Associated Press)

[Instant News/Comprehensive Report] Italian energy group Eni and multinational energy company Chevron recently announced the latest news that the two countries have discovered "new natural gas" in Egypt.

The president of Chevron said that this discovery is very encouraging, and he hopes that the new natural gas can completely replace the natural gas imported from Russia by 2025.

According to comprehensive foreign media reports, the Italian state-run energy group Eni and the US-based multinational energy company Chevron issued a statement on the 15th.

Please read on...

Clay Neff, President of Chevron International Exploration and Production, mentioned in a statement that Chevron is very happy to have successfully discovered a new oil well, and said that this discovery is very encouraging; because Chevron's goal is to "Completely replace natural gas imports from Russia by 2025".

According to Eni, the new discovery is located in the "Nargis-1" exploration well and can be further developed using the advantages of Eni's existing equipment.

The Egyptian state-owned energy company "EGAS" responded that it is still evaluating the storage capacity of the oil well and will start cooperation with Chevron and other partners to start production as soon as possible.