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Tuesday, 3 May 2016

Egypt to more than double gas production by 2019-20, expert says

Egypt could more than double its current gas production by 2019-20 “by bringing onstream another 50-60 bcm gas,” energy expert Charles Ellinas writes for In Cyprus. Such an amount would not just be “sufficient to achieve self-sufficiency, and do away with the need for expensive LNG imports, but there should also be excess gas available for exports,” Ellinas writes in his review of the Egyptian gas developments and how they will impact the Israeli and Cypriot markets. Potential for other major discoveries in Egypt lies within how Shell decides to move forward with some of BG Group’s concessions and within Edison’s North Thekah block, which is adjacent to Zohr, he adds. (Read)

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