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Based on preliminary estimates of 200 billion cubic feet, Egypt announces a new gas discovery in the Mediterranean

Egypt ·

The petroleum ministry attributed the positive results to higher investment and exploration activity, citing an improved investment climate and progress in settling overdue payments owed to foreign energy companies.

Egypt has worked to expand offshore gas exploration in the Eastern Mediterranean since the giant Zohr field was found in 2015, seeking to reduce gas imports and position itself as a regional energy hub.

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