Increasing gas production in Zohr field brings Egypt closer to its role as a regional energy hub

CAIRO (Reuters) – Egyptian oil minister Tarek El Molla said on Wednesday that the capacity of the Mediterranean's offshore gas field has risen to 2.7 billion cubic feet a day, speeding up the transition of the country's oil and gas industry. 39, Egypt at the energy center of the region.

The field had a production capacity of 2.1 billion cubic feet per day in February, an increase of 29% since then.

Egypt hopes to utilize its strategic location and developed infrastructure to become a major hub of gas trade and distribution, as part of the remarkable transformation of a country that has spent about $ 3 billion in LNG imports in 2016. Egypt has declared its self-sufficiency in natural gas at the end of last year and has become a source of it.

Egypt aims to produce more than three billion cubic feet per day by the end of the year.

In recent years, Egypt has defined its maritime borders with certain countries in order to search for and explore gas and oil within its borders without conflict with any of these countries.