Penn Energy: Eni’s Zohr Deepwater Gas Discovery Offers Big Potential for Eastern Mediterranean, Says Analyst

IHS has released new analysis on the deepwater Zohr gas discovery in Egypt, a find the firm terms of major significance to the Eastern Mediterranean region. As the largest gas discovery in the Mediterranean Sea, Zohr has the potential to supply much of Egypt’s increasing domestic gas demand and will likely have an impact on regional gas commercialization plans.

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"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,” said Mohamed Zine, regional director for Africa at IHS Energy.

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