Israeli gas flows to Egypt return to normal levels after Leviathan maintenance

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.