{"id":546451,"date":"2022-05-17T04:00:52","date_gmt":"2022-05-17T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/israel-wants-to-fill-europes-gas-supply-gap-and-egypt-could-be-key-to-the-plans\/"},"modified":"2022-05-17T04:00:52","modified_gmt":"2022-05-17T04:00:52","slug":"israel-wants-to-fill-europes-gas-supply-gap-and-egypt-could-be-key-to-the-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/israel-wants-to-fill-europes-gas-supply-gap-and-egypt-could-be-key-to-the-plans\/","title":{"rendered":"Israel wants to fill Europe\u2019s gas supply gap \u2014 and Egypt could be key to the plans"},"content":{"rendered":"

<\/a> Israel hopes to sign agreements to up its ga<\/strong>s supply to Europe \u201cin the coming <\/strong>months,\u201d <\/strong>Reuters<\/a> reports, as the continent continues its search for alternatives to Russian fossil fuels. Israel is set to double its gas production to reach around 40 bn cubic meters over the next few years, the newswire cites unnamed industry officials as saying.<\/p>\n

Egypt could be key to the plans<\/strong>, since the quickest route to get Israeli gas to Europe is by shipping it to our liquefaction facilities for re-export, Reuters cites gas consultant Gina Cohen as saying in a report sent to the Israeli foreign ministry and the European parliament.<\/p>\n

REMEMBER- Israel currently ships gas to Egypt via the Eastern Mediterranean Gas pipeline <\/strong>that runs between Ashkelon and Arish, which has an approximate annual capacity of 7 bcm. The country in March began exporting gas to Egypt<\/a> via the Arab Gas Pipeline for the first time, with exports targeted at 2.5-3 bcm this year, potentially increasing to 4 bcm in the future.<\/p>\n

We want more:<\/strong> The Madbouly government has been looking to increase<\/a> the amount of gas it imports from Israel for re-export to Europe, and late last year signed agreements<\/a> with Greece and Israel laying the groundwork to up import and re-export volumes \u2014 though it remains unclear whether we<\/a> or Europe<\/a> have capacity to up gas trade in the immediate future. Energean said last week that it could sell 8 bn cbm a year to us<\/a> after it discovered a new gas field off the Israeli coast.<\/p>\n

But there\u2019s a chance Israeli gas to Europe could one day (partially) bypass us: <\/strong>Israel is also considering building a floating liquefied natural gas (FLNG) facility, which would give it independence from transit countries; a direct pipeline to mainland Europe like the mooted EastMed pipeline linking Israel, Cyprus, and Greece;<\/a> or a shorter pipeline to Turkey, though Turkish authorities have said that won\u2019t be a possibility<\/a> anytime soon.<\/p>\n

Why we\u2019re still the best option: <\/strong>Pipeline infrastructure takes time and a whole lot of investment to build, and Israel needs to move fast if it wants to capitalize on Europe\u2019s gas supply gap. \u201cIsrael must act as quickly as possible as the window to sign contracts and become a significant gas supplier to Europe will only be opened for a limited time,\u201d Cohen said. Israel\u2019s Energy Minister previously said it could take until 2024 to significantly up exports to Europe.<\/p>\n","protected":false},"excerpt":{"rendered":"

Israel hopes to sign agreements to up its gas supply to Europe \u201cin the coming months,\u201d Reuters reports, as the continent continues its search for alternatives to Russian fossil fuels. Israel is set to double its gas production to reach around 40 bn cubic meters over the next few years, the newswire cites unnamed industry […]<\/p>\n","protected":false},"author":1,"featured_media":546452,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,297,89,91,1095],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-europe","tag-israel","tag-oil-and-gas","tag-russia-ukraine-war","wpautop","entry"],"acf":{"mongo_id":"50c01497-a96f-4e31-b1de-5ff888638a41","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/212.jpg","photo_position":"above","related_issue":[546443],"teaser":"","voice_url":""},"yoast_head":"\nIsrael wants to fill Europe\u2019s gas supply gap \u2014 and Egypt could be key to the plans - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/israel-wants-to-fill-europes-gas-supply-gap-and-egypt-could-be-key-to-the-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Israel wants to fill Europe\u2019s gas supply gap \u2014 and Egypt could be key to the plans\" \/>\n<meta property=\"og:description\" content=\"Israel hopes to sign agreements to up its gas supply to Europe \u201cin the coming months,\u201d Reuters reports, as the continent continues its search for alternatives to Russian fossil fuels. 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The pipeline, which will be owned by Israel Natural Gas Lines, could be operational within\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605729,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/israel-cyprus-greece-are-about-to-make-big-decisions-about-the-future-of-east-med-gas\/","url_meta":{"origin":546451,"position":1},"title":"Israel, Cyprus + Greece are about to make big decisions about the future of East Med gas","author":"enterpriseam admin","date":"5 September 2023","format":false,"excerpt":"Momentum is growing behind a proposal to establish a pipeline linking Israel\u2019s gas fields to Europe","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/338.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545525,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/cold-water-thrown-on-turkey-israel-gas-pipeline-nord-stream-2\/","url_meta":{"origin":546451,"position":2},"title":"Cold water thrown on Turkey-Israel gas pipeline + Nord Stream 2","author":"enterpriseam admin","date":"3 April 2022","format":false,"excerpt":"Remember that potential gas pipeline between Turkey and Israel? It\u2019s not happening anytime soon. That\u2019s according to Turkish Foreign Minister Mevlut Cavusoglu, who told reporters that a pipeline between the two countries will not be possible in the short term, Reuters reports.Refresher: The plan would see a subsea pipeline linking\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/87.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592776,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/ingl-poseiden-sign-mou-to-move-forward-on-israel-europe-gas-pipeline\/","url_meta":{"origin":546451,"position":3},"title":"INGL, Poseiden sign MoU to move forward on Israel-Europe gas pipeline","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"Is Israel getting closer to scuppering our energy ambitions? Israel Natural Gas Lines (INGL) signed an MoU yesterday with Greek-Italian JV IGI Poseidon to look into the technical, regulatory, and other issues of constructing a natural gas pipeline to Europe, the Israeli government-owned INGL said in a regulatory filing, according\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/11\/1376.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546770,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/the-eu-is-working-on-an-agreement-to-import-israeli-gas-via-egypt\/","url_meta":{"origin":546451,"position":4},"title":"The EU is working on an agreement to import Israeli gas via Egypt","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"The EU is working on an agreement to import more Israeli gas through Egypt as the bloc tries to secure new supplies and cut imports from Russia, according to documents seen by Bloomberg.The proposal: We could sign an MoU with the EU and Israel that would up the amount of\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/377.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544475,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/israel-is-now-sending-us-natural-gas-through-jordan\/","url_meta":{"origin":546451,"position":5},"title":"Israel is now sending us natural gas through Jordan","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"Israel has begun exporting additional natural gas to Egypt through a pipeline traversing Jordan, Israeli energy company NewMed Energy \u2014 formerly Delek Drilling \u2014 announced in a statement (pdf) to the Tel Aviv bourse and securities regulator. Chevron and NewMed, which operate Israel\u2019s two biggest offshore reservoirs \u2014 the Tamar\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/59.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546451"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546451\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546452"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546451"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546451"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}