* Eni CEO Claudio Descalzi confirms Egypt’s Zohr field will start up in December.
Egypt’s giant gas field Zohr will start production in December, the project’s developer Eni’s CEO Claudio Descalzi said Thursday, Reuters reported.
Zohr is the largest natural gas field found in the Mediterranean and was discovered in 2015 by Eni. The field has an area of 100 square meters at a depth of 1,450 meters.
Investing around $10 billion in the project, Eni is estimating total output of the field to be approximately 30 trillion cubic feet of gas.
The field will start production through three phases. The first phase will see an output of one billion cubic feet per day (ft2). When all seven fields are complete by 2019, this amount will increase to 2.7 billion ft2.
The field is expected to secure Egypt’s domestic needs of gas after it has become a net importer of gas following a cut in production after the January revolution.