Egypt says Zohr gas find will not undermine talks on imports from Israel

The discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel, Egypt’s petroleum minister said, playing down fears that potential deals could be under threat. Italian energy company Eni announced on Sunday that it had found an estimated 30 trillion cubic feet (tcf) of gas in the Zohr field, making it the biggest discovery in the Mediterranean and the world’s 20th largest. “Any negotiations between private companies in Egypt and in the eastern Mediterranean, and by this I mean Israel and Cyprus, will not stop,” Petroleum Minister Sherif Ismail told Reuters in an interview. “These negotiations and initial agreements are ongoing.”

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4697064,00.html

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