Italy's Eni discovers huge gas field off Egyptian coast

[n2doc]

Italian energy group Eni says it has found one of the world's largest natural gas fields off Egypt's coast.

The company said the area was 1,450m (4,757 feet) beneath the surface and covered 100 sq km (39 sq miles).

It could hold as much as 30 trillion cubic feet of gas, or 5.5 billion barrels of oil equivalent, Eni said.

The company says that the Zohr field "could become one of the world's largest natural-gas finds" and help meet Egypt's gas needs for decades.

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http://www.bbc.com/news/world-middle-east-34102656

[GliderGuider]

1. Super for Egypt! Sux for the biosphere! nt

[Binkie The Clown]

2. At the current rate of consumption of ~10 million barrels of oil per day...

That 5.5 billion barrels of oil equivalent would last 1.5 years. Or, put another way, could extend the end of the oil age by a year and a half, assuming that it is 100% recoverable, and the rate of consumption does not increase. Even with those two generous assumptions, we still run out of energy, but we just do it 18 months later than we would have before.

Hooray We're saved!