Eni discovery to transform gas outlook in Egypt

According to Wood Mackenzie, Eni’s discovery of an estimated 30 trillion ft³ of lean gas at the company’s Zohr project, Egypt, is expected to transform the country’s gas outlook as it will reduce the need for long-term imports. Egypt will be energy self-sufficient for a period.

The Zohr gas is anticipated to supply the domestic market, and may allow upstream producers with cancelled gas sales agreements to resume exports via the 1.6 billion ft³/d of idle LNG export capacity.

Wood Mackenzie predicts that in the long-term, the Zohr gas discovery will provide the Egyptian government time to liberalise its gas sector.

Edited from press release by Angharad Lock

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/04092015/eni-discovery-to-transform-gas-outlook-in-egypt-1246/