Cyprus catching up?
Egypt is far ahead in the race to be the top East Med gas producer, but Cyprus is hoping it will soon move into second place
It's not often in any industry that one comes across an overnight game-changer. But the discovery of the Zohr gasfield 200km (124 miles) offshore Egypt in 2015 was just that. Not only was the find massive, with reserves of 30 trillion cubic feet (850bn cubic metres) of natural gas, but it also broke new geological ground. Most discoveries off the Egyptian coast had been in clastic sedimentary rock in waters relatively close to shore. Egypt's deepwater seabed had been largely written off as unproductive. Italy's Eni, which won the Block 19 Shorouk concession in 2013, had a hunch after studying seismic images that reservoir rock lay 1,400 metres (4,700 ft) below the surface. They were proved r
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
