"The gas discoveries Shell Egypt made (drilled in 2003/04) lie in the western part of the
NEMED concession, and are located 150 km to the north of Alexandria while the Leviathan field is around 350 km away and more than 100km east of the
NEMED boundary," he concluded.
An Egas official in May 2009 said Shell may use floating LNG technology in Nemed, which is near Cyprus.
But a final decision on this and the LNG venture is awaiting both a new feasibility study being made in view of a big change in world markets for natural gas, as well as the outcome of Shell's exploration programme in Nemed.
But a final decision on this and LNG is awaiting the outcome of Shell's exploration programme in
Nemed. The LNG will be marketed in Europe.
But a final decision is awaiting the outcome of Shell's exploration programme on
Nemed, which will take at least another year.
Shell has been negotiating with the Gas Authority of India (Gail) on a proposal for the latter to acquire 24% in the
Nemed E&P venture out of the major's 63% equity.