The deepwater Zohr gas discovery in Egypt is an important find for the Eastern Mediterranean region, according to regional director for Africa at IHS Energy, Mohammed Zine
The director, who will be attending the 22 Africa Oil Week in Cape Town, South Africa, also stated that the Zohr discovery represents a huge relief in the context of increasing gas imports.
The biggest gas find in the Mediterranean Sea, Zohr has the potential to supply much of Egypt’s rising domestic gas demand and will likely have an impact on regional gas commercialisation plans, according to new analysis from IHS.
Due to the demand and production imbalance, all of the gas initially for exports has been distributed for use in the domestic market, the IHS noted.
“While there are hopes that Egypt’s exports may be revived at some stage, the immediate focus for Zohr will be on the domestic market”, said Mohammed Zine.
“Egypt has fast-growing domestic demand and decreasing production at the same time, so the Zohr discovery represents a major source of relief in the context of increasing gas imports.”
