Egypt wants to plunder its shale gas resources

The pyramids may no longer be the only towering structures to dominate Egypt’s sand dunes – as it seems the country is the latest to jump on the shale gas bandwagon. […]

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The pyramids may no longer be the only towering structures to dominate Egypt’s sand dunes – as it seems the country is the latest to jump on the shale gas bandwagon.

The state-owned Egyptian Natural Gas Holding Company (EGAS) has announced it will start searching for viable reserves in the Western Desert.

Mahfouz El Bony, EGAS Vice Chairman for Agreements and Exploration said: “There are some layers in the Western Desert that could be considered as a source for unconventional gas… We are working with Shell and Apache [Corp] to study the potential of these resources,” reported Reuters.

The gas firm also announced plans to launch an international tender for deep water gas exploration. Mr El Bony is quoted as saying: “We are preparing the areas that will be tendered and the technical data to present to interested firms.”