Egypt wants to plunder its shale gas resources

Egypt wants to plunder its shale gas resources

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.

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.

Read more here http://www.energylivenews.com/2013/12/03/egypt-wants-to-plunder-its-shale-gas-resources/

Source: Energy Live News 

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