Rosneft aims to export Egyptian natural gas

24 Jun 2017   Egypt, Russia

Russian energy company Rosneft is expected to start exporting natural gas from an Egyptian field considered to be among the world’s largest. Eni made its initial gas discovery in the Zohr field in Egypt two years ago and quickly described it as the largest ever made in regional waters and potentially the largest in the world. Egypt aims to become a regional hub for gas and liquefied natural gas, though availability at the domestic sector could complicate growth. In December, the Italian company sold off a 30 percent stake in the Egyptian basin to Rosneft in an agreement valued at about $1.6 billion. A source close to the company was quoted by Russian news agency Tass as saying Rosneft aims to deliver gas to regional […]

Comments are closed.