Eni buys 70% of Edison stake in Egypt’s Habi offshore gas concession

Italian energy giant Eni has purchased 70 percent of Edison’s stake in Block 12 of the offshore Habi gas concession in Egypt’s eastern Mediterranean, a state-run Egyptian gas company EGAS official told Reuters on Thursday.
The official, who spoke on condition of anonymity, declined to give further details. Edison won Block 12 in a bidding round run by EGAS in 2015.