{"id":547059,"date":"2022-06-07T03:58:43","date_gmt":"2022-06-07T03:58:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/07\/more-israeli-natural-gas-in-the-pipeline\/"},"modified":"2022-06-07T03:58:43","modified_gmt":"2022-06-07T03:58:43","slug":"more-israeli-natural-gas-in-the-pipeline","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/07\/more-israeli-natural-gas-in-the-pipeline\/","title":{"rendered":"More Israeli natural gas in the pipeline"},"content":{"rendered":"

<\/a> Egypt could soon be receiving more gas as Israel prepares to start production at <\/strong>disputed <\/strong>field<\/strong>: <\/strong>Israel could increase gas exports to Egypt and Jordan in the coming months as it moves to start production at the disputed Karish gas field in the eastern Mediterranean. Karish owner Energean said<\/a> yesterday that it had moved a floating production, storage and offloading ship to the area, a move which Israeli Energy Minister Karine Elharrar said<\/a> would position the country as a \u201cnatural gas power\u201d and allow it to increase exports to Egypt.<\/p>\n

The gas will start flowing within four months:<\/strong> Energean said that gas will start flowing by the end of 3Q after the ship has been installed and the pipeline tested. This will make Karish Israel\u2019s third gas field, joining Tamar and Leviathan, which both export gas to Egypt.<\/p>\n

Lebanon isn\u2019t happy:<\/strong> Lebanon yesterday issued a warning to Israel against drilling at the field, part of which Beirut claims is within its maritime territory. President Michel Aoun said<\/a> that the ship had crossed into disputed territory and any activity would be interpreted as a \u201chostile act.\u201d Caretaker Prime Minister Najib Mikati said he would invite a US mediator to Beirut to talk about \u201ccompleting negotiations\u201d that began in 2020 over the territory to prevent any \u201cescalation,\u201d adding that Lebanon is seeking to marshal UN support for its stance, Reuters<\/a> reports.<\/p>\n

Israel denies that the ship is operating in disputed territory<\/strong>, with Harrar saying that the move \u201cunequivocally\u201d does not encroach on Lebanese waters and dismissing the likelihood of the dispute escalating.<\/p>\n

Israel + Egypt are looking sell into Europe\u2019s energy crisis:<\/strong> The two countries are expected to sign an agreement with the EU<\/a> later this month to increase gas exports across the Mediterranean as the bloc looks for new suppliers to replace Russia. The EU has pledged to ban most imports<\/a> of Russian oil by the end of the year and says it will fully phase out use of Russian gas by the end of the decade. Russia currently provides some 40% of the EU\u2019s annual gas consumption.<\/p>\n

We need more capacity:<\/strong> Egypt is looking to build new LNG terminals and pipelines<\/a> to up export volumes to Europe. We should break ground on a gas pipeline to Cyprus this year<\/a> and we\u2019ve held talks with Greece about laying pipeline<\/a>s between the two countries. We have only two liquefaction plants and there are currently no pipelines linking us to Europe. In a plan released earlier this month, the EU said it will invest EUR 12 bn in pipelines and LNG facilities to increase gas supplies from other producers such as Egypt and Israel.<\/p>\n

Refresher:<\/strong> Israel currently ships gas to Egypt via the Eastern Mediterranean Gas pipeline that runs between Ashkelon and Arish, which has an approximate annual capacity of 7 bcm. It recently began exporting gas to Egypt via the Arab Gas Pipeline<\/a> for the first time, with exports targeted at 2.5-3 bcm this year, potentially increasing to 4 bcm in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt could soon be receiving more gas as Israel prepares to start production at disputed field: Israel could increase gas exports to Egypt and Jordan in the coming months as it moves to start production at the disputed Karish gas field in the eastern Mediterranean. Karish owner Energean said yesterday that it had moved a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[93,72,7192,89,108,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547059","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-eu","tag-israel","tag-lebanon","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"cf5c1738-0dc3-477c-9754-849635e63ae0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547044],"teaser":"","voice_url":""},"yoast_head":"\nMore Israeli natural gas in the pipeline - 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\/06\/07\/more-israeli-natural-gas-in-the-pipeline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Israeli natural gas in the pipeline\" \/>\n<meta property=\"og:description\" content=\"Egypt could soon be receiving more gas as Israel prepares to start production at disputed field: Israel could increase gas exports to Egypt and Jordan in the coming months as it moves to start production at the disputed Karish gas field in the eastern Mediterranean. 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Israel exported some 4.59 bn cubic meters (bcm) during the period as production surged 22%\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\/8\/392.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648121,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/greeces-energean-to-supply-israeli-power-companies-from-karish-tanin-fields\/","url_meta":{"origin":547059,"position":1},"title":"Greece\u2019s Energean to supply Israeli power companies from Karish, Tanin fields","author":"enterpriseam admin","date":"29 May 2017","format":false,"excerpt":"Delek and Noble face first major challenge in Israel\u2019s gas market: Greece's Energean Oil & Gas Group signed contracts to supply to Dalia Power Energies and Or Power Energies with natural gas from the Karish and Tanin fields offshore Israel, in what Bloomberg calls the first agreement to rival dominant\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581542,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/conference-report-energean-to-invest-usd-350-mn-here-this-year-egas-expects-egypt-to-up-production-in-next-two-years\/","url_meta":{"origin":547059,"position":2},"title":"Conference report: Energean to invest USD 350 mn here this year, EGAS expects Egypt to up production in next two years","author":"enterpriseam admin","date":"15 February 2023","format":false,"excerpt":"The planned investments are equal to 17.5% of the USD 2 bn Energean has invested in Egypt to date","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Leviathan-Reuters-2.14.23-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577254,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/15\/energean-sees-case-for-more-eastmed-gas-investment\/","url_meta":{"origin":547059,"position":3},"title":"Energean sees case for more EastMed gas investment","author":"enterpriseam admin","date":"15 November 2022","format":false,"excerpt":"London headquartered exploration and production outfit Energean is banging the drum for more EastMed gas investment: The start ofdrilling at Israel\u2019s Karish gas field following an agreement over disputed maritime territory between Israel and Lebanon should pave the way for more exploration in the Eastern Mediterranean, Energean CEO Mathios Rigas\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550437,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/more-oil-gas-cooperation-with-russia\/","url_meta":{"origin":547059,"position":4},"title":"More oil + gas cooperation with Russia","author":"enterpriseam admin","date":"27 October 2022","format":false,"excerpt":"Russia and Egypt want to boost cooperation on oil and gas production after Oil Minister Tarek El Molla sat down with Russian Energy Minister Nikolay Shulginov to explore investment in Egypt\u2019s oil and gas sector, according to an Oil Ministry statement. 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Greek energy explorer and producer Energean has signed a USD 1.27 bn agreement with multiple banks to finance its development of Israel\u2019s Karish and Tanin offshore natural gas fields, Bloomberg reports (paywall). 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