Rapid increases in gas production from the Egyptian «Zohr» field

The Russian energy company Rosneft said that natural gas production from the Egyptian field “Zohr”, which is the largest gas field in the Mediterranean, has more than tripled in the first half of this year to 11.3 billion cubic meters.

The field is an important asset of the Kremlin-controlled Rosneft as part of its global expansion strategy and natural gas program.

The Russian company says that the production of gas from the offshore project will reach 2.7 billion cubic feet per day by the end of this year 2019 compared to 2.4 billion at the present time, adding that the production of the field is going to develop faster than the schedule.

According to Reuters, Rosneft bought a 30% stake in the Zohr field from Italy’s Eni in 2017.Eni is in control of 50% of the project, while British Petroleum and Mubadala Oil own 10% each.

 Italy’s Eni discovered the Zohr field in 2015, which has reserves of 30 trillion cubic feet of natural gas.

 In September 2018, Egypt declared self-sufficiency in natural gas and halted the import of liquefied gas from abroad. Egypt is seeking to become a regional energy center, and is making great efforts to accelerate production from its newly discovered fields, including increasing production from gas fields in the Mediterranean, as well as raising the production of the Zohr field to three billion cubic feet per day by the end of 2019.