Eni has completed a deal settling differences over the Damietta LNG plant.
A restart of the Damietta LNG plant is once again on the cards following an agreement between Eni, Naturgy and two state-owned Egyptian companies.
Senior Sonatrach executives have held a meeting with Naturgy to review gas agreements.
Egypt has lost its bid seeking more time in its dispute with Union Fenosa Gas (UFG), over a failure to supply gas to a liquefaction plant at Damietta.
Sonatrach has increased its stake in the Medgaz pipeline to 51%, following the completion of a deal with Spain’s Cepsa.
A deal that would have seen Eni increase its stake in Egypt’s LNG sector, and Naturgy bow out, has come apart as coronavirus has interfered.
A buyer of LNG has cancelled two cargoes from Cheniere Energy, the biggest US exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
Sonatrach has signed a deal to increase its stake in the Medgaz gas pipeline to 51%, from 43%. The remainder will be held by Naturgy.