Egypt is Bidding for Gas Exploration in Mediterranean in H1 2020

Egypt is Bidding for Gas Exploration in Mediterranean in H1 2020

The Egyptian Natural Gas Holding Company (EGAS) intends to launch an international bid round for natural gas exploration in the western Mediterranean region in H1 2020, according to Al Shorouk news citing an official source in EGAS, Reuters reported.

Additionally, Al Shorouk highlighted that EGAS is currently working on specifying the areas that will be included in the bid round, in addition to obtaining the needed approvals for that process.

It is worth mentioning that Eni’s discovery of Zohr field is the main reason for the government’s continuing efforts for launching new bid rounds. Moreover, Egypt has demarcated the borders with the neighboring countries for oil and gas exploration without any disputes.

Dina Elbehiry 642 Posts

Graduated from Faculty of Economics and Political Science- Cairo University.
Having an Economic background and currently working for Egypt Oil & Gas.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register