Egypt Announces Plan to Become Net Energy ExporterAugust 2, 2017 - Egypt announced plans to become net energy exporter in 2018. According to radiotamazuj report, following the discovery of 850 billion cubic meters of gas in Zohr gas field, Egypt has been developing the project in cooperation with an Italian company. With a potential of 850 billion cubic meters of gas in place, not only will Zohr be able to satisfy almost all of the total domestic gas demand for the coming decades, it will also allow Egypt to return to being energy exporter, said experts. In recent reports, Egypt confirmed the production from the Zohr field would begin at the end of 2017. Zohr was discovered in August of 2015 and, with a total potential of 850 billion cubic meters of gas in place, is the largest natural gas field ever discovered in the Mediterranea.

Source: Ethiopian News August 02, 2017 10:07 UTC