Without Zohr gas field, Egypt would have plunged into darkness: Al-Sisi

Egypt would have plunged into darkness if not for the Zohr natural gas field, President Abdel Fattah Al-Sisi said on Sunday. 

The president’s remarks came during the Egyptian Economic Conference 2022, organised by the Egyptian government, which kicked off on Sunday. 

Maritime border demarcation with Greece and Cyprus was essential for Zohr gas field development, he stressed, without it, oil and gas companies weren’t willing to invest in exploration and production.

Al-Sisi explained that without the Zohr gas field, Egypt would need $2bn monthly to import natural gas for its power plants, and this could reach $10bn monthly with the current prices.

President Al-Sisi said that there was a lack of confidence in the ability of state agencies to find a successful path amid difficult challenges and the continuous efforts of political Islam to discredit, distort, and sometimes sabotage.