Large gas field discovery brings Egypt closer to energy hub goal

A newly discovered gas field is making Egypt's energy exporter hub vision more of a reality.
A picture taken on August 20, 2022 shows petrol station along the ring-road encircling Egypt's capital Cairo. (Photo by KHALED DESOUKI/AFP via Getty Images)
A picture taken on August 20, 2022 shows petrol station along the ring-road encircling Egypt's capital Cairo. (Photo by KHALED DESOUKI/AFP via Getty Images) - YURI CORTEZ/AFP via Getty Images
color corrected profile
Salim A. Essaid
@salim_a_essaid

A new gas field was recently discovered in the Nargis block of the eastern Mediterranean. Egypt hopes the new discovery will help it reach its aspiration of being a central energy exporter in the region. 

Egypt’s Petroleum Minister Tarek El Molla made the announcement last week but didn’t specify details of the find in the Nargis block. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.

Videos

See more