Friday, August 2, 2019
BP developed Giza and Fayoum as part of its West Nile Delta project, which, together with Eni’s prolific Zohr field, are making a decisive contribution to the revival of Egypt’s natural gas fortunes.
- Egypt has the chance to build up an energy trade surplus through increased exports of LNG, pipeline-delivered gas, and electricity.
- Extra gas could see investment in energy-intensive industries (eg, desalination), and for promoting gas-fuelled and electric vehicles.
- The benefits of East Mediterranean gas cooperation are likely to be confined within the immediate region.
- East Mediterranean resources are too small to have a significant impact on the global market.