{"id":605729,"date":"2023-09-05T00:00:00","date_gmt":"2023-09-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/israel-cyprus-greece-are-about-to-make-big-decisions-about-the-future-of-east-med-gas\/"},"modified":"2023-09-05T00:00:00","modified_gmt":"2023-09-05T00:00:00","slug":"israel-cyprus-greece-are-about-to-make-big-decisions-about-the-future-of-east-med-gas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/05\/israel-cyprus-greece-are-about-to-make-big-decisions-about-the-future-of-east-med-gas\/","title":{"rendered":"Israel, Cyprus + Greece are about to make big decisions about the future of East Med gas"},"content":{"rendered":"

Big decisions will soon be made about how to get Israeli gas to <\/strong> Europe. <\/strong> Israel, Greece, and Cyprus agreed yesterday to form a deeper trilateral energy partnership to export Israeli gas to Europe and connect their energy grids, Reuters<\/a> reports. The leaders of the three countries held a summit in the Cypriot capital yesterday amid new momentum behind a proposal to establish a gas pipeline connecting Israel and Europe.<\/p>\n

Remember: Greece, Israel and Cyprus are \u2014 individually and in combinations \u2014 both partners and competitors of Egypt <\/strong>when it comes to energy exports to Europe. There are multiple competing projects on the drawing board to build an electricity interconnector from Egypt to Greece. Egypt has for years been working to bring fresh stocks of natural gas from both Israel and Cyprus, and Greece has emerged as a key Egyptian partner on East Med energy policy.<\/p>\n

Israel is clearly mulling its options: <\/strong>\u201cWe will have to decide soon about how Israel exports its gas and the same decisions have to be made by Cyprus. We are looking at the possibility of cooperating on this,\u201d said Israeli PM Benjamin Netanyahu. \u201cThose decisions will be made, I think, in the next three to six months, probably closer to three months.\u201d<\/p>\n

Egypt is currently the only way Israel can ship its gas out of the region: <\/strong> With no pipelines or LNG terminals of its own, Israel currently sells around 4.6 bcm<\/a> of natural gas a year to Egypt, which then exports a portion to Europe via its LNG facilities and uses the rest for local consumption. <\/p>\n

The problem: <\/strong> Declining natural gas production in Egypt means that less of this Israeli gas is going to be destined for the EU. That\u2019s a problem for Europe, which is pushing hard to find new energy sources to replace Russian hydrocarbons \u2014 and a problem for Israel, which faces limitations on how far it can take its energy partnership with the Europeans. Increasing gas supplies to Egypt could help remedy the situation, something that Tel Aviv wants to do<\/a> but likely won\u2019t be able to achieve for at least another two years.<\/p>\n

Israel + Cyprus have been looking for other options: <\/strong> Long-term plans for a direct, 2k-km pipeline between Israel\u2019s gas fields and Cyprus have been dusted off in recent weeks despite concerns about the cost and technical challenges of the line, with officials from both countries discussing the idea<\/a> and Italian energy firm Edison throwing its weight<\/a> behind the plan.<\/p>\n

The same debate is playing out in Cyprus right now: <\/strong> Whether to export its gas via Egypt or cut us out (in whole or in part) and get its own LNG terminal is currently being contested<\/a> between the Cypriot government, the operating company of its biggest gas field, Chevron, and apparently Washington<\/a>, where the Biden administration is reportedly backing Chevron\u2019s bid to link the massive Aphrodite field to Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Momentum is growing behind a proposal to establish a pipeline linking Israel\u2019s gas fields to Europe<\/p>\n","protected":false},"author":1,"featured_media":605730,"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":[168,6791,6576,7378,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-diplomacy","tag-egypt-cyprus-relations","tag-egypt-greece-relations","tag-egypt-israel-relations","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"566a5970-107b-46a2-af08-06f9e4bdf2c4","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/338.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Israel, 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Europe: Israel has signed agreements with Greece, Italy and Cyprus to supply them with natural gas through a USD 7-8 bn 2,000 km pipeline that will take some five years to build, Israeli TV news channel\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":632976,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/egypt-might-sign-export-agreement-for-east-med-gas-to-europe-as-early-as-mid-2018\/","url_meta":{"origin":605729,"position":1},"title":"Egypt might sign export agreement for East Med gas to Europe as early as mid-2018","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Egypt might sign an export agreement to ship East Med gas to Europe as early as mid-2018: Egypt will sign a memorandum of understanding with the EU to export gas from the East Mediterranean through its liquefaction plants before mid-2018, said Oil Minister Tarek El Molla at the International Petroleum\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":628418,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/cyprus-israel-look-to-settle-territorial-dispute-over-aphrodite-gas-field-approve-egypts-lng-pipeline\/","url_meta":{"origin":605729,"position":2},"title":"Cyprus, Israel look to settle territorial dispute over Aphrodite gas field, approve Egypt\u2019s LNG pipeline","author":"enterpriseam admin","date":"3 May 2018","format":false,"excerpt":"Cyprus, Israel look to settle territorial dispute over Aphrodite gas field, possibly clearing last barrier to pipeline connecting Aphrodite to Egypt: Cyprus and Israel are looking to settle their ongoing dispute over their respective maritime borders and how much of the Aphrodite gas field in the eastern Mediterranean falls in\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":648454,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/04\/mediterranean-gas-pipeline-could-be-ready-by-2025-egypt-not-included-in-plan\/","url_meta":{"origin":605729,"position":3},"title":"Mediterranean gas pipeline could be ready by 2025, Egypt not included in plan","author":"enterpriseam admin","date":"4 April 2017","format":false,"excerpt":"A Mediterranean gas pipeline carrying natural gas from Israel to Europe could be built by 2025, and it looks like Egypt is being cut out, Reuters reports. European and Israeli governments gave their support to moving forward with the agreement on a 2,000 km-long pipeline that aims to link gas\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":630657,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/why-cant-israel-just-cast-its-natural-gas-lot-with-egypt-just-like-everyone-else\/","url_meta":{"origin":605729,"position":4},"title":"Why can\u2019t Israel just cast its natural gas lot with Egypt just like everyone else?","author":"enterpriseam admin","date":"29 April 2018","format":false,"excerpt":"Why can\u2019t Israel just cast its gas lot with Egypt like everyone else? Israel appears to still be trying to get a EUR 6 bn natural gas pipeline to sell natural gas from its Leviathan field to Europe. The pipeline would connect its fields to Cyprus, Greece and Italy. Israel\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":658288,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/09\/egypt-greece-cyprus-talk-energy-regional-politics-at-trilateral-summit\/","url_meta":{"origin":605729,"position":5},"title":"Egypt, Greece, Cyprus talk energy, regional politics at trilateral summit","author":"enterpriseam admin","date":"9 January 2025","format":false,"excerpt":"El Sisi noted that Egypt is looking forward to receiving Cypriot gas at its LNG facilities for liquefaction and re-export to Europe","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/399.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\/605729","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=605729"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605729\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/605730"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605729"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605729"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}