The Egyptian Natural Gas Holding Company (EGAS) plans to put 11 natural gas exploration blocks for bid rounds in the western Mediterranean by Q1 2020, a source from the company told Al Shorouk.

EGAS has finalized seismic studies and scans, and is waiting for the Ministry of Petroleum’s approval to set a date for the bid rounds.

The company has indicated that there is an abundant amount of natural gas for exploration and production (E&P) in the 11 blocks.

According to the source, the 11 blocks “allow for new gas discoveries, especially in the borders with neighboring countries where large amounts of natural gas have been previously discovered.”