East Med's best is yet to come
The East Med has enjoyed deep water success over recent years and there are new developments to watch out for
From being something of a backwater in energy terms, the Eastern Mediterranean is suddenly the place where the majors want to be. The game changer was the huge Zohr gasfield discovery off Egypt in a previously unknown carbonate layer. Eni says Zohr contains at least 30 trillion cubic feet of natural gas and the company is continuing to build production towards its 2020 capacity target of 2.7bn cubic feet a day. Eni is also preparing to carry out exploratory drilling at the Noor field, off Sinai, amid speculation that another Zohr-size discovery awaits. Edison also holds deep-water blocks off Egypt, North Thekah, North Port Fouad and North East Hapy. The company is expected to begin dril
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
