Search Results for: Egypt gas

Gas pipeline to Egypt to be expanded

Posted on May 22, 2023

Israel’s cabinet has approved a new 65km pipeline between Ramat Hovav and the border with Egypt that will allow an extra 6 billion cubic meters of natural gas to be exported to Egypt annually. It will increase annual revenues from … Continue reading →

Posted in Economy & Business | Leave a comment

Egypt and Israel sign EU liquid gas deal

Posted on June 19, 2022

Israel and Egypt signed a memorandum of understanding (MoU) in Cairo that allows Israel to export natural gas to Europe via Egyptian ports. Israeli gas will be piped to Egypt, liquified to LNG and then brought to the European Union. … Continue reading →

Posted in Israel is Inclusive & Global | Leave a comment

More gas for Egypt

Posted on February 27, 2022

Israel to begin exporting gas to Egypt via Jordan. The new route, in addition to the existing Ashkelon-El Arish pipeline, will increase current 5 billion cubic meters of gas exports to Egypt by more than 50% It will generate an … Continue reading →

Posted in Economy & Business | Leave a comment

New gas pipeline to Egypt

Posted on January 31, 2021

Israel Natural Gas Lines Ltd. is to lay a new subsea pipeline to export Israeli natural gas to Egypt. The $228 million route will send as much as 7 billion cubic meters of gas annually to Egypt. Gas is expected … Continue reading →

Posted in Economy & Business | Leave a comment

Israel begins exports of natural gas to Egypt

Posted on January 19, 2020

Israeli Energy Minister Yuval Steinitz and Egypt’s Minister of Petroleum Tarek El-Molla, jointly confirmed that Israeli natural gas is now flowing to Egypt. It was hailed as the most significant economic cooperation since the signing of the peace treaty between … Continue reading →

Posted in Israel is Inclusive & Global | Leave a comment

Egypt buys $15 billion worth of Israeli gas

Posted on February 27, 2018

I reported previously (several times) on the desire by Egypt to buy natural gas from Israel. Now finally, Egypt’s Dolphinus Holdings has signed agreements to purchase 64 billion cubic meters of gas from Israel’s Tamar and Leviathan fields. The 10-year … Continue reading →

Posted in Economy & Business | Leave a comment

And Egypt says Israeli gas is vital for their economy

Posted on July 20, 2014

Egypt’s Minister of Petroleum and Mineral Resources Sherif Ismail does not mind allowing British BG Group to import gas from Israel. “Whatever is in Egypt’s interest must be implemented immediately as we are dealing with an energy crisis,” the minister … Continue reading →

Posted in Economy & Business | Leave a comment

First Turkey, now Egypt wants Israeli gas

Posted on May 18, 2014

Israel’s new found energy resource could be a big peacemaker. Following Turkey’s announcement that it was buying natural gas from Israel, now Egypt’s suppliers have signed a letter of intent to purchase supplies from Israel. Israel used to import Egyptian … Continue reading →

Posted in Economy & Business | Leave a comment

Record gas revenues

Posted on March 11, 2024

Israel’s revenue from natural gas royalties reached NIS 2 billion in 2023, over 23% higher than 2022. Production increased as the Karish field came online. Israel also benefited from a strong Shekel, plus a 25% increase in exports to Egypt … Continue reading →

Posted in Economy & Business | Leave a comment

Expanding Tamar gas production

Posted on February 25, 2024

The energy companies extracting natural gas from Israel’s Tamar field are investing $24 million to increase production. The additional gas will raise daily output to 1.2 billion cubic feet and by 2025 to 1.6 billion cubic feet, helping to meet … Continue reading →

Posted in Economy & Business | Leave a comment