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Related Articles
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
Argentina makes progress on LNG dream
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
EU faces tough task following Japan LNG model
The bloc may find it very difficult to replicate Japan’s approach due to fundamental differences in policy and the markets
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
Trump not curbing US momentum on methane emissions
There has been a flourishing of non-governmental initiatives aimed at incentivising voluntary action on emissions over the past five years, and momentum is not slowing down.
LNG faces promises and perils ahead
LNG has opportunities to expand in established markets and access new ones, but the sector’s outlook is also fraught with uncertainties, from political and regulatory difficulties to chokepoints, project delays and cost overruns, says the IGU
Woodside adopts considered approach to Louisiana LNG
CEO Meg O’Neill explains the virtue of patience in offtake discussions amid tariff tensions
Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
China’s critical gas position
China will play a huge role in driving gas demand, with its Qatar partnership crucial to this growth amid global structural challenges
IOCs plot risky Libya return
Despite the continuing threat that the country’s security situation could implode, oil firms are keen to get going again
Egypt Cyprus Eastern Mediterranean LNG Natural gas Eni
Gerald Butt
31 October 2017
Follow @PetroleumEcon
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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

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Israel-Iran war imperils Egypt’s energy supply
18 June 2025
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
Argentina makes progress on LNG dream
18 June 2025
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
The oil risk premium fable
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Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Look again at African oil and gas investment
17 June 2025
Sound development planning is essential in this diverse and rapidly evolving region

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