Gas flows from Israel’s Leviathan field to Egypt have returned to normal levels following the completion of scheduled maintenance, a government source told EnterpriseAM. Israeli authorities had earlier notified Egypt that pipeline flows would be reduced by 20% for a 15-day period.
Leviathan volumes are back to 1.0 bn cubic feet per day, but there is still a chance that Israeli imports could fall again as the hot summer months lead to increased local consumption in Israel, a government official told us last month. The official forecasted supplies falling to 850 mn cubic feet until the end of August.
Gas flows to the energy-intensive fertilizer industry are yet to return to their normal levels, a source at the Chemical and Fertilizers Export Council told EnterpriseAM. However, fertilizer plants that had shut down entirely have been informed that gas flows will resume soon — potentially by the time we published this issue.
ICYMI- After having their gas supply cut by 50% for the 15-day maintenance period, fertilizer manufacturers submitted a formal request to the government to import natural gas directly from global markets last month. Some producers said the lower gas supplies would lead to a 30% drop in production.