Imported gas, whether piped from Israel or from shipments of LNG, are becoming an increasingly important part of our energy mix: The government is reportedly in negotiations with yet another firm to lease a floating regasification unit as we look towards ramping up LNG imports. But the state isn’t just thinking in the short-term, with unconfirmed reports that imports of Israeli gas are set to increase in 2H 2025.

GOV’T NEGOTIATING LEASE OF LNG REGASIFICATION UNIT FROM HÖEGH LNG-

Gov’t presses on with its search for a LNG regasification unit: The Madbouly government is looking to lease a re-gasification unit from Norwegian firm Höegh LNG, with the unit arriving by summer, according to an unnamed Oil Ministry official cited by CNN Arabic.

Höegh LNG isn’t the only firm we’re in talks with: The government is reportedly also in talks with BW Energy to lease a unit from the Norwegian-Singaporian company for a five-year period.

At the moment, all of our LNG imports are going through Jordan: The proposed regasification unit will do away with the country’s reliance on Jordan’s terminal in Aqaba, which Egypt was given the right to use in an agreement inked last year.

Remember: The country could spend up to USD 120 mn a month on LNG shipments this summer to support domestic demand as rising temperatures strain supplies with the Madbouly government planning to import three LNG shipments a month between July and October, according to unconfirmed reports earlier this week. The Oil Ministry will also reportedly halt all LNG exports to Europe starting next month.

ISRAELI GAS IMPORTS TO PICK UP IN 2H 2025-

Israel will be sending more natural gas our way next year: Israeli exports of natural gas to Egypt are set to rise 300 mn cf/d to 1.5 bn cf\d starting from 2H 2025, CNN Arabic reported, citing an unnamed source it says has knowledge of the matter.

ICYMI: The Israeli Energy Ministry greenlit an agreement in February to increase its gas exports to Egypt from Chevron’s offshore Tamar field three-fold starting July 2025 and carrying on for the next 11 years.

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