• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Egypt announces new gas discovery in Nile Delta

Egypt announces new gas discovery in Nile Delta

May 4, 2026
XcanMow Mix 2000 robot mower makes its European debut at IFA Berlin 2026

XcanMow Mix 2000 robot mower makes its European debut at IFA Berlin 2026

August 29, 2026
Forest City SFZ Clarifies Incentive Framework for Fintech and AI-Enabled Financial Services Alongside Malaysia Digital Incentives

Forest City SFZ Clarifies Incentive Framework for Fintech and AI-Enabled Financial Services Alongside Malaysia Digital Incentives

August 29, 2026
BATIC 2026: Global Digital Leaders Unite to Build APAC's Connectivity, Cloud, and AI Future

BATIC 2026: Global Digital Leaders Unite to Build APAC's Connectivity, Cloud, and AI Future

August 30, 2026
"Digital Entertainment Leadership Forum 2026" opens today

"Digital Entertainment Leadership Forum 2026" opens today

August 30, 2026
Iconic Marjorie Penang - going beyond themed hospitality

Iconic Marjorie Penang – going beyond themed hospitality

August 29, 2026
YesAsia Holdings Replicates Record High Half-Year Results: Revenue Grows 23.2% to US$301.51 Million; Net Profit Surges 30.0% to US$18.30 Million

YesAsia Holdings Replicates Record High Half-Year Results: Revenue Grows 23.2% to US$301.51 Million; Net Profit Surges 30.0% to US$18.30 Million

August 29, 2026
Huatai Securities Reports Steady Earnings Growth in H1 2026 Driven by Professional Excellence and AI Breakthroughs to Deliver Long-term Client Value

Huatai Securities Reports Steady Earnings Growth in H1 2026 Driven by Professional Excellence and AI Breakthroughs to Deliver Long-term Client Value

August 29, 2026
International Entertainment Corporation’s FY2025/26 Interim Revenue Increases by 50.6% to HK$852.5 Million

International Entertainment Corporation’s FY2025/26 Interim Revenue Increases by 50.6% to HK$852.5 Million

August 29, 2026
Berjaya Corp registers revenue of RM8.99 billion for FY26

Berjaya Corp registers revenue of RM8.99 billion for FY26

August 29, 2026
Get Orders Today with Super-Charged Delivery at Shopee’s 9.9 Super Shopping Day Sale

Get Orders Today with Super-Charged Delivery at Shopee’s 9.9 Super Shopping Day Sale

August 29, 2026
CIMB delivers net profit of RM1.93 billion for second quarter 2026

CIMB delivers net profit of RM1.93 billion for second quarter 2026

August 29, 2026
Hizero Spells the End of the Vacuum Era With a Full Portfolio of No-Suction™ Hard-Surface Cleaners at IFA 2026

Hizero Spells the End of the Vacuum Era With a Full Portfolio of No-Suction™ Hard-Surface Cleaners at IFA 2026

August 29, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 30, 2026
  • Login
SME
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Business
    XcanMow Mix 2000 robot mower makes its European debut at IFA Berlin 2026

    XcanMow Mix 2000 robot mower makes its European debut at IFA Berlin 2026

    Forest City SFZ Clarifies Incentive Framework for Fintech and AI-Enabled Financial Services Alongside Malaysia Digital Incentives

    Forest City SFZ Clarifies Incentive Framework for Fintech and AI-Enabled Financial Services Alongside Malaysia Digital Incentives

    BATIC 2026: Global Digital Leaders Unite to Build APAC's Connectivity, Cloud, and AI Future

    BATIC 2026: Global Digital Leaders Unite to Build APAC's Connectivity, Cloud, and AI Future

    "Digital Entertainment Leadership Forum 2026" opens today

    "Digital Entertainment Leadership Forum 2026" opens today

    Iconic Marjorie Penang - going beyond themed hospitality

    Iconic Marjorie Penang – going beyond themed hospitality

    YesAsia Holdings Replicates Record High Half-Year Results: Revenue Grows 23.2% to US$301.51 Million; Net Profit Surges 30.0% to US$18.30 Million

    YesAsia Holdings Replicates Record High Half-Year Results: Revenue Grows 23.2% to US$301.51 Million; Net Profit Surges 30.0% to US$18.30 Million

    Huatai Securities Reports Steady Earnings Growth in H1 2026 Driven by Professional Excellence and AI Breakthroughs to Deliver Long-term Client Value

    Huatai Securities Reports Steady Earnings Growth in H1 2026 Driven by Professional Excellence and AI Breakthroughs to Deliver Long-term Client Value

    International Entertainment Corporation’s FY2025/26 Interim Revenue Increases by 50.6% to HK$852.5 Million

    International Entertainment Corporation’s FY2025/26 Interim Revenue Increases by 50.6% to HK$852.5 Million

    Berjaya Corp registers revenue of RM8.99 billion for FY26

    Berjaya Corp registers revenue of RM8.99 billion for FY26

    Get Orders Today with Super-Charged Delivery at Shopee’s 9.9 Super Shopping Day Sale

    Get Orders Today with Super-Charged Delivery at Shopee’s 9.9 Super Shopping Day Sale

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
  • Lifestyle

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
SME
No Result
View All Result
Home News Business

Egypt announces new gas discovery in Nile Delta

by freemalaysiatoday
May 4, 2026
in Business
Reading Time: 4 mins read
Summarize with ChatGPTSummarize with Perplexity


Egypt announces new gas discovery in Nile Delta
Egypt’s domestic consumption of natural gas stands at about 2.2 trillion cubic feet annually, averaging around 6 billion cubic feet per day. (EPA images pic)
CAIRO:

Egypt announced Saturday a new natural gas discovery in the Nile Delta with estimated production of around 50 million cubic feet per day, adding to the country’s current output of about 4.2 billion cubic feet daily, Anadolu Ajansi reported.

In a statement, the petroleum and mineral resources ministry said the discovery was achieved following the successful drilling of the exploratory well “Nidoco N-2” in a concession area operated by the Italian Eni in partnership with the British BP.

The ministry said the well was drilled onshore using advanced directional drilling technologies, which helped reduce costs and improve operational efficiency.

It added that the proximity of the well to existing infrastructure, less than two kilometres from the nearest production facilities, will allow it to be quickly connected to the network and enter early production within weeks.

The West Abu Madi development area is operated by Eni in partnership with BP and the Egyptian General Petroleum Corporation through Petrobel, a joint venture between the Egyptian authority and Eni, the statement said.

According to the ministry, Egypt’s domestic consumption of natural gas stands at about 2.2 trillion cubic feet annually, averaging around 6 billion cubic feet per day.

Current production is estimated at 4.2 billion cubic feet per day, while domestic demand reaches about 6.2 billion cubic feet daily, rising to around 7.2 billion during the summer months.

Among Egypt’s major gas fields is the Zohr gas field, discovered in 2015 and considered the largest in the Mediterranean, contributing about 25 per cent of the country’s gas output with reserves estimated at around 30 trillion cubic feet.

Production from Zohr began in December 2017 at 800 million cubic feet per day, later peaking at 3.2 billion cubic feet in 2022 before declining to 2.4 billion in 2023, 1.9 billion in 2024, and around 1.25 billion by mid-2025, according to official data.

SummarizeSummarize
freemalaysiatoday

freemalaysiatoday

  • Trending
  • Comments
  • Latest
Europe Inc posts strong earnings, AI gap remains

Europe Inc posts strong earnings, AI gap remains

July 17, 2026
HRX Launches SME-Focused HR Solutions to Help Malaysian Businesses Navigate Rising Compliance Demands - Malaysia SME®

HRX Launches SME-Focused HR Solutions to Help Malaysian Businesses Navigate Rising Compliance Demands – Malaysia SME®

May 25, 2026
Sime Motors Unveils BYD Mansion Macalister to Strengthen EV Experience in Northern Malaysia - Malaysia SME®

Sime Motors Unveils BYD Mansion Macalister to Strengthen EV Experience in Northern Malaysia – Malaysia SME®

May 20, 2026
Progress is All About Deep, Personal Connections at Le Salon Proust - Malaysia SME®

Progress is All About Deep, Personal Connections at Le Salon Proust – Malaysia SME®

May 20, 2026
Malaysia has technical capability to commercialise 100% palm biodiesel: Augustine Ong

Malaysia has technical capability to commercialise 100% palm biodiesel: Augustine Ong

May 31, 2026
China rejects US sanctions on refineries over Iranian oil links

China rejects US sanctions on refineries over Iranian oil links

0
Japan, Vietnam seek deeper energy, mineral cooperation

Japan, Vietnam seek deeper energy, mineral cooperation

0
Japan spends over US$30bil to support the Yen

Japan spends over US$30bil to support the Yen

0
Spirit Airlines prepares to shut down operations overnight

Spirit Airlines prepares to shut down operations overnight

0
S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week

S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week

0
XcanMow Mix 2000 robot mower makes its European debut at IFA Berlin 2026

XcanMow Mix 2000 robot mower makes its European debut at IFA Berlin 2026

August 29, 2026
Forest City SFZ Clarifies Incentive Framework for Fintech and AI-Enabled Financial Services Alongside Malaysia Digital Incentives

Forest City SFZ Clarifies Incentive Framework for Fintech and AI-Enabled Financial Services Alongside Malaysia Digital Incentives

August 29, 2026
BATIC 2026: Global Digital Leaders Unite to Build APAC's Connectivity, Cloud, and AI Future

BATIC 2026: Global Digital Leaders Unite to Build APAC's Connectivity, Cloud, and AI Future

August 30, 2026
"Digital Entertainment Leadership Forum 2026" opens today

"Digital Entertainment Leadership Forum 2026" opens today

August 30, 2026
Iconic Marjorie Penang - going beyond themed hospitality

Iconic Marjorie Penang – going beyond themed hospitality

August 29, 2026
ADVERTISEMENT
SME

Copyright © 2026 SME.com.my.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2026 SME.com.my.