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/