Egypt Eyes Record Gas Output in 2018 As Game-Changer Zohr Comes Online

Italian firm Eni’s giant 24 tcf Zohr field in the Egyptian deepwater Mediterranean came online this week. It holds out the prospect of Egyptian energy independence after three years of LNG imports.

Egypt’s oil ministry, in a 10 December statement, says that pipeline testing for Zohr is currently underway with gas being pumped to the national distribution network.

The start of 350mn cfd Phase-1 Zohr output takes to 650mn cfd the incremental gains in Egyptian production since the start of December, with BP’s Atoll field having started up at 300mn cfd late last week ( MEES, 8 December ).

Egypt looks set to end the year with gas output above 6bn cfd for the first time since 2010. On an annual basis output peaked at 6.09bn cfd in 2009 – a figure that may well be bested next year. (CONTINUED - 895 WORDS)

DATA INSIDE THIS ARTICLE

chart Egypt Due To Reach Energy Independence By 2020 (Bn Cfd, Year End)
chart Zhor Stakes* (%)