Huge gas find boosts egypt

The discovery last month of a vast natural gas deposit offshore Egypt is a potential game changer for the country’s ailing energy sector.

Italian oil and gas firm ENI confirmed the find of an estimated 30 trillion cubic feet (850 billion cubic metres) spread over an area of around 100 km2 under deep water.

The Zohr field is the largest ever discovery of natural gas in the Mediterranean Sea and could be sufficient to supply the Egyptian market for decades to come, ENI CEO Claudio Descalzi said after announcing the find.

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