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More Natural Gas is Found in Eastern Med, Raising Hopes

Posted March 28, 2017 12:00 AM by Engineering360 eNewsletter

Eni expects the gas, from a recently discovered natural gas deposit in the Egyptian waters of the Mediterranean Sea, to start flowing by the end of 2017. The deposit could hold as much as 30 trillion cubic feet of gas, costing $12.8 billion to develop it fully.


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#1

Re: More Natural Gas is Found in Eastern Med, Raising Hopes

03/28/2017 11:40 AM

Seems happy enough news for Eni.

How does that affect gas availability in Europe? Will they ship LNG? Pipeline???

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#2
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Re: More Natural Gas is Found in Eastern Med, Raising Hopes

03/29/2017 1:05 AM

Europe is trying to reduce its dependence on Russian gas and caspian basin gas pipelined via Turkey.

Egypt has two mothballed LNG plants which one of the major Eastern Med finds will be used as feedstock. Trying to get pipeline and takeoff agreements between Israel, Egypt and Cyprus (without even getting into the whole Northern Cyprus issue) will be difficult so Egypt will bolster its domestic production and export as LNG

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#3

Re: More Natural Gas is Found in Eastern Med, Raising Hopes

03/29/2017 3:40 PM

And yet another nail in the coffin of coal.

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Re: More Natural Gas is Found in Eastern Med, Raising Hopes

03/31/2017 12:12 PM

You and many others will be surprised when in the next two years, coal makes a surprising ultra-clean comeback in the form of the Allam cycle process. It will work, I am very confident in this new means to an end of low cost energy.

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Guru

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Re: More Natural Gas is Found in Eastern Med, Raising Hopes

03/31/2017 12:16 PM

I await the revelation

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Re: More Natural Gas is Found in Eastern Med, Raising Hopes

03/31/2017 1:46 PM
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