EGYPT’S ZOHR GAS FIELD TO YIELD 500 MILLION CUBIC FEET PER DAY

CAIRO, Egypt, Egypt’s giant new offshore Zohr gas field, in the Mediterranean, is set to be producing 500 million cubic feet per day, by the end of 2017, Prime Minister, Sherif Ismail, said.

The country imports peak at 10-12 shipments of natural gas per month, Ismail told reporters, at the General Authority For Investment, adding that, imports should decline significantly, once the field starts producing.

Discovered in 2015, by Italy’s Eni, with an estimated 30 trillion cubic feet of gas, the Zohr field is due to start producing in Dec.

Egypt’s own gas output rose to about 5.1 billion cubic feet per day, in 2017, from 4.4 billion cubic feet in 2016, with the start of production, from the first phase of BP’s North Alexandria project.

The country has been seeking to speed up production from recently discovered fields, with an eye to halting imports by 2019, and achieving self-sufficiency.

Source: NAM NEWS NETWORK