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Egypt, the most populous Arab country, has been seeking to ramp up production at its giant Zohr offshore gas field, in a bid to cover rising domestic demand during the summer heat Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said in a statement on Tuesday. Egypt, the most populous Arab country, has been seeking to ramp up production at its giant Zohr offshore gas field, in a bid to cover rising domestic demand during the summer heat. Zohrs operator Eni has resumed drilling last month after output dropped in the largest gas field found in the Mediterranean to 1.9 billion cubic feet per day in early 2024, well below the peak reached in 2019. Egypts Petroleum Minister Karim Badawi discussed the leasing plans of a unit currently in Germanys Baltic Sea terminal of Mukran with Philipp Steinberg, the German director-general for economic stabilization, energy Security, gas, and hydrogen infrastructure on the sidelines of CERAWeek energy conference held in Houston, Texas. The two also discussed Germanys possible purchase of Cypriot gas that flows through Egypts liquefaction facilities for re-export to Europe, the ministry added. Egypt will send a delegation to Berlin this month to complete the contractual provisions. Egypt and Cyprus signed agreements last month to enable the export of gas from Cypruss offshore fields via Egypt as both countries seek to bolster the Eastern Mediterraneans role as an energy hub. |
