Eni's Giant Gas Field Prompts Egypt to End Imports in 2018
- Zohr field will start output at 350 million cubic feet a day
- New gas laws to be adopted in days: Oil Minister El-Molla
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Egypt will stop importing liquefied natural gas in 2018 and may eventually export gas after it starts producing this year at the giant Eni SpA-operated Zohr field off the country’s Mediterranean coast, Oil Minister Tarek El-Molla said.
Zohr’s output will mostly supply the domestic market, and the nation’s two existing gas-liquefaction facilities are large enough to process any available surplus into LNG for international sale in 2019, El-Molla said Tuesday in an interview in Abu Dhabi. If Zohr and other gas fields generate enough supplies, Egypt may consider adding a third LNG-exporting terminal, he said. Israeli gas stocks dropped on the news.