Egypt set for a gas turnaround

13 Jan 2017   Egypt

The Egyptian natural gas sector is on track for an about-face, though complex dynamics could keep pressure on the industry, Wood Mackenzie found. Italian energy company Eni in December secured the bulk of the new exploration and production concessions offered by the Egyptian government during the latest bidding round . The company made its initial gas discovery in the Zohr field in August 2015 and quickly described it as the largest ever made in regional waters and potentially the largest in the world. A profile of the Egyptian gas sector from consultant group Wood Mackenzie finds the sector is on pace for a profound change in the next five years. “After swinging from the world’s eighth […]

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