Egypt says Zohr gas field output to hit 3 bln cubic feet/day by 2019

  • 0

Egypt said on Wednesday that production from its giant Zohr offshore gas field is expected to exceed 3 billion cubic feet per day by 2019.

Egypt aims to be a regional hub for the trade of liquefied natural gas (LNG) after a string of major discoveries in recent years including Zohr, which holds an estimated 30 trillion cubic feet of gas.

Egypt’s petroleum ministry said earlier in September that $7.7 billion had been invested in Zohr. It is aiming to attract about $10 billion in foreign investment in the oil and gas sector in the financial year that began in July.

Ecobank appoints MFS Africa as digital payment partner
Prev Post Ecobank appoints MFS Africa as digital payment partner
EU announces €125 million funding for the Sahel region
Next Post EU announces €125 million funding for the Sahel region