New gas discovery shakes eastern Mediterranean energy landscape once again

Written by on September 1, 2015 in Business - Comments Off on New gas discovery shakes eastern Mediterranean energy landscape once again

The changing energy landscape of the eastern Mediterranean has had yet another “game-changing” moment with ENI announcing the discovery of a mega gas field off the Egyptian coast.

As becomes apparent from the details provided by the Italian energy group, the prospective Zohr field could potentially be the world’s largest natural gas field, holding up to 30 trillion cubic feet of lean gas over an area of about 100 square kilometres.

“Such a quantity not only covers Egypt’s energy needs for decades to come, but alters the balance of gas power in the region and creates new possibilities for Europe’s energy stability,” commented a British energy analyst.

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