The largest natural gas field ever in the Mediterranean Sea, and the 20th largest on the whole earth, has been discovered off the coast of Egypt by the Italian energy firm Eni. "Massive gas discovery," is the BBC headline. This is amazing news for Egypt, the first good news for and about Egypt since...I don't know, King Tut! Not good news for Israel, however. Israel had it's own find and was looking forward to contracting with Egypt to deliver gas. Israel is now looking backward at those plans. Reuters says the find in the Zohr field "stunned" the energy markets. My gosh, congratulations Egypt!
