{"id":635890,"date":"2017-12-17T04:03:19","date_gmt":"2017-12-17T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/zohr-gas-field-goes-live\/"},"modified":"2017-12-17T04:03:19","modified_gmt":"2017-12-17T04:03:19","slug":"zohr-gas-field-goes-live","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/zohr-gas-field-goes-live\/","title":{"rendered":"Zohr gas field goes live"},"content":{"rendered":"

<\/a> More good news this morning: The Zohr gas field goes live, bringing us one-step closer to energy self-sufficiency and becoming an exporter of gas. <\/strong>Gas from Zohr is being pumped to a treatment facility in Port Said city before delivery to the national grid at an initial rate of 350 mcf\/d, Oil Minister Tarek El Molla said in a statement Saturday. Output is set to rise to about 1 bcf\/d in June and 2.7 bcf\/d by the end of 2019, he said. \"One of the biggest issues Egypt had over the past years was the big shift in its energy balance from a net exporter to a net importer because of an increase in consumption versus a decline in production. With the new gas finds, it\u2019s returning to this balance, if not exporting, then at least there\u2019s no deficit,\" EFG Hermes economist Mohamed Abu Basha tells Bloomberg<\/a>. The move brings Egypt closer to its goal of becoming a regional energy hub by 2018<\/a>.<\/p>\n

And it could not come at a better time as far as Europe is concerned: <\/strong>With Zohr, Egypt looks firmly set to cement its place among a small but growing list of African LNG exporters looking to capitalize on growing demand from Europe. The premium for LNG supplies into northeast Asia, the biggest buyer, over southwestern Europe narrowed to USD 0.80 per mmBtu this week from as high as USD 2 in October, according to prices published by World Gas Intelligence. \u201cDemand for LNG is growing three times faster than pipeline gas,\u201d said Claudio Steuer, senior visiting research fellow at the Oxford Institute for Energy Studies, tells Bloomberg<\/a>. Ship tracker Pan Eurasian Enterprises says all extra production capacity in Africa will help to feed expanding need, especially in Europe.<\/p>\n

In other regional gas news, Total, Eni, Novatek won Lebanon\u2019s first offshore licenses on Thursday<\/strong>, according to Bloomberg<\/a>. The companies had won the rights in October to jointly explore blocks 4 and 9 \u2014 the latter which is in an area disputed by Israel. Lebanon is working with the U.S. on resolving the dispute, according to Prime Minister Saad Hariri. The move follows years of delays which have allowed Lebanon to lag behind Egypt, Cyprus and Israel in East Mediterranean finds.<\/p>\n","protected":false},"excerpt":{"rendered":"

More good news this morning: The Zohr gas field goes live, bringing us one-step closer to energy self-sufficiency and becoming an exporter of gas. Gas from Zohr is being pumped to a treatment facility in Port Said city before delivery to the national grid at an initial rate of 350 mcf\/d, Oil Minister Tarek El […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635890","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a2daa3ca-1711-43d1-be58-79f3bc2fdfd3","order":"0","is_powered_by":true,"section_story_id":"8ab8e8ca-01d1-4376-95ce-6c178c3ea6fb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635883],"teaser":"","voice_url":""},"yoast_head":"\nZohr gas field goes live - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/zohr-gas-field-goes-live\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zohr gas field goes live\" \/>\n<meta property=\"og:description\" content=\"More good news this morning: The Zohr gas field goes live, bringing us one-step closer to energy self-sufficiency and becoming an exporter of gas. 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This is significantly higher than the figures provided by Rosneft, which last week said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594002,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/zohr-natgas-output-to-surpass-3-bcf-d-this-month\/","url_meta":{"origin":635890,"position":1},"title":"Zohr natgas output to surpass 3 bcf\/d this month","author":"enterpriseam admin","date":"16 October 2019","format":false,"excerpt":"Zohr natgas production to exceed 3 bcf\/d this month: Production from the 13 wells at the giant Zohr natural gas field is expected to surpass 3 bcf\/d by the end of October, up from 2.7 bcf\/d in August, Eni IEOC JV boss Luca De Caro said on the sidelines of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598661,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/30\/eni-completes-zohr-natgas-treatment-facility\/","url_meta":{"origin":635890,"position":2},"title":"Eni completes Zohr natgas treatment facility","author":"enterpriseam admin","date":"30 May 2019","format":false,"excerpt":"Italy\u2019s Eni has completed the Zohr field\u2019s final natural gas treatment plant, bringing the overall capacity of the USD 5 bn facility to 3.2 bcf\/d, according to an industry source. Zohr is currently producing 2.3 bcf\/d, and this is set to increase to nearly 3 bcf\/d in July of this\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595963,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/15\/egypts-zohr-natgas-output-triples-in-1h2019\/","url_meta":{"origin":635890,"position":3},"title":"Egypt\u2019s Zohr natgas output triples in 1H2019","author":"enterpriseam admin","date":"15 August 2019","format":false,"excerpt":"Zohr natgas output triples in 1H2019: The Zohr natural gas field produced some 11.3 bn cubic meters (bcm) in 1H2019 at the current rate of 68 mn cm\/d or 2.4 bcf\/d, Russian energy major Rosneft said yesterday. The field\u2019s output has more than tripled during the first half of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594654,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/natural-gas-production-increases-to-7-bcf-d\/","url_meta":{"origin":635890,"position":4},"title":"Natural gas production increases to 7 bcf\/d","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"Egypt\u2019s natural gas production has reached 7 bcf\/d, up from 6.8 bcf\/d at the end of June, an Oil Ministry official told Reuters. 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Total production from the field reached 2.7 bcf\/d four months ahead of schedule last week.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=635890"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/635890\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/635883"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=635890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=635890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=635890"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=635890"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=635890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}