Hurriyet Daily News: Choppy Waters Surround Eastern Mediterranean Gas Prospects

Egypt’s discovery of the eastern Mediterranean’s biggest offshore gas field radically changes the outlook for development of one of the world’s most geopolitically fascinating energy provinces.

Zohr, with an initial estimate of some 30 trillion cubic feet (TCF, close to one trillion cubic metres) of reserves, will certainly provide a major boost for Egypt, which has had to curtail natural gas exports because domestic demand has risen so sharply. 

But the problem for its neighbours is that while it will certainly boost overall regional output it may well damage the prospects for regional exports.

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