Huge gasfield find could drive Egyptian economy for decades | The National

Huge gasfield find could drive Egyptian economy for decades | The National:



"The discovery of one of the world’s largest gasfields off the Egyptian coast could fuel the country for decades.



Italy’s Eni said on Sunday that the find, covering an area of about 100 square kilometres, at the Zohr Prospect in the Mediterranean Sea could hold a potential of 30 trillion cubic feet (Tcf) – the largest discovered so far in the area. Egypt has proven gas reserves of 77 Tcf, according to the US Energy Information Administration (EIA).



“The historic discovery will be able to transform the energy scenario of Egypt,” said Claudio Descalzi, chief executive of Eni. He said that as a result of being close to existing infrastructure, the start-up for the gas project could come quickly."



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