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The Italian Eni announced Thursday the discovery of a new gas field in Egypt in the concession area of the Mediterranean Sea Nile.
The new discovery is located on the Noor concession off the Mediterranean, Where Eni found a column of gas estimated at 90 meters, According to Reuters.
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The new gas discovery is located in the Noor concession Egyptian coast. The Italian company has found a column of gas estimated at ninety meters.
Production is L & # 39; Egypt Natural gas accounts for approximately 6.6 billion cubic feet per day and is expected to reach 7.8 billion cubic feet per day in 2019-20.
Last year, I changed L & # 39; Egypt Map of natural gas trade, thanks to the early production of the rear field, the largest of its kind in the region according to the Italian energy company Eni.
Egyptian Petroleum Minister Tariq Al-Mulla has revealed his country's intention to make a big jump in production natural gas And export it, according to private statements in a local newspaper.
Egypt plans to export 2 billion cubic feet of natural gas a day by the end of 2019, up from 1.1 billion cubic feet today, the increase would be about one billion cubic feet, the company said on Monday. Mullah Al-Shorouq.
And search L & # 39; Egypt Become a major energy center in the region through the liquefaction of gas and re-export, after ceasing to import gas at the end of last year.
Mullah said his country wants to increase its natural gas production to more than 7.5 billion cubic feet per day by the end of the year, from 6.8 billion cubic feet per day. .
Mulla told the newspaper that Egypt was aiming to achieve self-sufficiency in gasoline and diesel by 2021-2022 and start exporting in 2022-2023.
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Egypt aims to increase natural gas production from 6.6 billion cubic feet per day to 7.8 billion cubic feet per day in 2019-2020.
Egypt has changed the map of natural gas trade after its production of the Afar field, the largest of its kind in the region, according to the Italian company.
Egyptian Petroleum Minister Tariq al-Mulla said Egypt wants to increase its natural gas exports to 2 billion cubic feet a day by the end of 2019, instead of 1.1 billion cubic meters. cubic feet.
Al-Mulla pointed out that Egypt aimed to achieve self-sufficiency in gasoline and diesel in 2021-2022.
The New York Times recently asked to what extent the gas wealth discovered in Egypt was taken into account by all Egyptians after the discovery of large quantities of natural gas in the depths of the Mediterranean Sea.
The report pointed out that Sisi was bragging about his plans to modernize Egypt, such as the new administrative capital that emerges in the desert outside Cairo, although most Egyptians regard his reign as an extremely tight belt, a rise in prices, a collapse of the currency On basic materials, which has increased the price of gasoline, electricity and water.
The newspaper said that there was no evidence in the streets of the arrival of gas resources, the government has failed to reduce unemployment or improve the level of utilities, noting that even those who want to convert fuel to gasoline find that there is no difference, especially that the supply of fuel will be spent for other expenses because of the increase in the cost of living.
Egypt currently produces 6.3 billion cubic feet per day, up 30 percent from 2016, becoming the largest gas producer in North Africa and the Middle East. Egypt exported more natural gas than it imported, noting that exports are still volatile. Egyptians still benefit.
According to the report, oil companies plan to increase Egyptian gas production to 40% this year, and are optimistic about the prospect of gas in the eastern Mediterranean.
A subsidiary of the United Arab Emirates announced last February that it has acquired the five "Noor" concessions in northern Sinai, Egypt.
The Noor Zone is located in the North Sinai Marine Lease in the Mediterranean Sea, southeast of the Shoruk Marine Area, which includes the Dhahr Field, one of the largest gas fields in the eastern Mediterranean.
According to the media, Noor's field of discovery is the largest gas field in the Mediterranean region of the Mediterranean Sea. Its initial reserves are estimated at more than 90 trillion cubic feet of gas, which is three times the size of the rear field.
In August, Eni announced the discovery of the Dhahr Field after signing an agreement in January 2014 with the Egyptian Ministry of Oil and Gas Holding Company (EGAS).
The Dhahr field is estimated to contain initial reserves of approximately 30 trillion cubic feet of natural gas (equivalent to 5.5 billion barrels of equivalent).
The Italian company Eni owns 50% of the land, 30% of Rosneft in Russia and 10% of Mubadala in the United Arab Emirates.
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