Shell Inches Closer to Securing Rahmat Gas Field Rights in Egypt

Key Takeaways Shell is close to securing development rights for Egypt's offshore Rahmat gas field.Rahmat holds 1.3 TCF of gas and 80 MMbbl of condensate, per geological data.The field's location near LNG hubs boosts its export potential to Europe and beyond.Shell plc (SHEL) , a British multinational oil and gas company, is on the verge of a major strategic breakthrough in the Eastern Mediterranean, as it is close to getting the development rights for Egypt’s offshore Rahmat gas field, a site regarded as a m ...