The Italian Eni energy group announced Sunday it has discovered one of the world’s largest natural gas fields off the Egyptian coast.
If the estimates are not exaggerated and if the “Zohr” field comes online in the future, it would mean that Egypt would be self-sufficient in its gas needs for decades. It also would put an end to any idea that Egypt will buy gas from Israel, which in recent years has enjoyed discoveries of gas fields that have been called the largest discoveries in the world in the past decade.
The find in Egypt dwarfs the field in Israel.
Eni stated:
According to the well and geophysical data available, the field could hold a potential of 30 trillion cubic feet of lean gas in place
Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural-gas finds.
