Egypt's Petroleum Minister Sherif Ismail gestures as he talks during an interview with Reuters in Cairo September 22, 2014. REUTERS/Amr Abdallah Dalsh
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel, Egypt's oil minister said, playing down fears that potential deals could be under threat.Italian energy firm Eni announced Sunday that it had found an estimated 30 trillion cubic feet of gas in the Zohr field, making it the biggest discovery in the Mediterranean and the world's 20th largest.The find raised concerns in Israel's gas industry that its Leviathan field would lose a deal to supply gas to a liquefied natural gas plant in Egypt.Gas produced from the Zohr field will flow to Egypt, including Eni's share, Ismail said, suggesting Cairo has no export plans from Zohr.Around 75 percent of the 30 tcf of gas in the new field is likely recoverable given it's "good quality" and this would bring Egypt's total natural gas reserves to an estimated 90 tcf, the minister said.Once developed it is expected to produce between 2.5 and 3 billion cubic feet of gas per day, Ismail said.
FOLLOW THIS ARTICLE