2024-03-27 00:58:04
Bloomberg revealed a new agreement between Egypt and Israel regarding the import of gas.
According to the agency, Egypt agreed to increase the quantities of natural gas imported from “Israel” by about 26%, to reach 1.450 billion cubic feet per day during the first half of next year, instead of 1.15 billion cubic feet per day now.
According to the agency, the quantities of “Israeli” gas supplied to Egypt currently exceeded levels before the war on Gaza, as they rose during January by 15% on a monthly basis to record about 1.15 billion cubic feet per day, which will help the country increase its exports and secure part of the hard currency.
The agency said: The increase in imports will come to Egypt after the American “Chevron” company finishes increasing production in the “Tamar” gas field located off the coast of Israel by about 60% during the first half of next year to 1.6 billion cubic feet per day.
Egypt relies on Israeli gas to meet part of its domestic demand, while exporting the surplus in the form of liquefied gas mainly to Europe, through liquefaction plants in Idku and Damietta with a production capacity of 2.1 billion cubic feet per day.
Egypt began importing gas from Israel for the first time in 2020, in a deal worth $15 billion between Noble Energy (which was acquired by Chevron in 2020) and Delek Drilling on the one hand, and the Egyptian Dolphinus Holding Company on the other. another side.
Source: Bloomberg
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2024-03-27 00:58:04