Zohr brings Egypt closer to energy self-sufficiency

Significance

The Zohr field is one of the largest gas fields discovered in Egyptian waters. The launch of production heralds a major new supply of gas for the country as it faces a sharp decline in most of its existing gas fields.

Impacts

• State-owned EGAS will buy Zohr-produced gas, adding to pressure on the government’s outstanding debts to international operators.
• The discovery of Zohr and its rapid development will increase interest in upstream opportunities from international oil and gas companies.
• The start of Zohr gas production will put on hold any consideration by the Egyptian government of gas imports from Israel and Cyprus.