Reuters highlights our energy vulnerability following Leviathan field shutdown

“Egypt was one of the biggest economic losers of the Middle East’s 12-day war,” reports Reuters in a deep dive contrasting how post-Zohr discovery hopes of becoming a regional energy exporter and our now rising import bill to keep the lights on this summer. The sudden halt in Israeli gas imports that forced emergency reallocations and factory shutdowns, as the country scrambled to stabilize power generation ahead of peak summer demand, “highlights Egypt's vulnerability and fading hopes that the Eastern Mediterranean could become a major gas exporting region,” according to the newswire.