Dana Gas has reported a better-than-expected gas discovery in Egypt’s Nile Delta, offering a timely boost to Cairo’s efforts to revive domestic production and reduce dependence on imported fuel. The UAE-listed producer said its latest Egyptian well identified approximately 10 billion cubic feet (Bcf) of gas reserves, more than three times the original forecast of 3 Bcf. The [...] The post Dana Gas Discovery Bolsters Egypt’s Push to Reverse Gas Decline appeared first on The Middle East Observer .
