{"id":607647,"date":"2023-10-08T00:00:00","date_gmt":"2023-10-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/our-imports-of-israeli-gas-are-on-the-rise-our-lng-exports-are-not\/"},"modified":"2023-10-08T00:00:00","modified_gmt":"2023-10-08T00:00:00","slug":"our-imports-of-israeli-gas-are-on-the-rise-our-lng-exports-are-not","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/our-imports-of-israeli-gas-are-on-the-rise-our-lng-exports-are-not\/","title":{"rendered":"Our imports of Israeli gas are on the rise. Our LNG exports are not."},"content":{"rendered":"

We\u2019re importing more gas from Israel: <\/strong>Egypt\u2019s gas imports from Israel are expected to increase by 30% over the \u201ccoming period,\u201d Oil Minister Tarek El Molla told Asharq Business (watch, runtime: 7:07<\/a>) on the sidelines of the Adipec expo in Abu Dhabi last week. Gas imports from Israel are used to supply our two LNG plants, where gas is liquefied for re-export to Europe<\/a>, El Molla cited the latter for boosting our gas imports from Israel. <\/p>\n

Imports jumped in 1H 2023: <\/strong>Egypt\u2019s gas imports from Israel<\/a> rose 21.5% y-o-y to 903 mn cubic feet per day (cf\/d) on average in 1H 2023. Israeli gas imports could rise as high as 1.05 bn cf\/d this month due to falling seasonal demand in Israel.<\/p>\n

More imports, less exports: <\/strong>Egypt is bracing for its LNG exports to halve this year alongside a drop in revenues from LNG exports, El Molla told Sky News Arabia<\/a>, saying that he expects our LNG exports to drop to 4 mn tons from the 8 mn tons recorded last year. Egypt exported some 3 mn tons of LNG during the first half of the year. <\/p>\n

Remember: <\/strong>We have exported hardly any LNG<\/a> over the summer months due to higher domestic consumption and lower gas production. The government\u2019s decision to ration consumption during a seasonal spike in demand, combined with production falling to three-year lows<\/a>, has put pressure on the electricity grid, forcing the government to introduce rolling blackouts since July. \u201cWe will resume LNG exports this month, confirming our presence in the market and our ability to export,\u201d he told Sky.<\/p>\n

Where does the Gaza Marine gas development stand? <\/strong>A consortium of unnamed Egyptian private companies led by Egypt\u2019s state-owned EGAS will ink the final agreement with the Palestinian Authority to develop the Gaza Marine gas field in \u201ca very short period,\u201d El Molla said. Israel gave its preliminary approval<\/a> to the development of a gas field off the Gaza coast in June. The agreement to develop the field was expected<\/a> to be inked between EGAS and the Palestine Investment Fund back in 1Q 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

Our Israeli gas imports are expected to jump another 30% over the coming period<\/p>\n","protected":false},"author":1,"featured_media":607648,"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":[93,72,91,195],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-607647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-tarek-el-molla","wpautop","entry"],"acf":{"mongo_id":"ca5c74bd-753c-4d4f-9aeb-86d1ed877f95","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/336.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Israeli gas imports have risen 40% since January 2021","related_issue":[607630],"teaser":"Our Israeli gas imports are expected to jump another 30% over the coming period","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.21d9e499-36fa-46da-9630-a3cbc5a4d643.mp3"},"yoast_head":"\nOur imports of Israeli gas are on the rise. 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Oil\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":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":607647,"position":2},"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":546726,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/egypt-cyprus-to-break-ground-on-gas-pipeline-this-year-el-molla\/","url_meta":{"origin":607647,"position":3},"title":"Egypt, Cyprus to break ground on gas pipeline this year -El Molla","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"Construction of the pipeline connecting Cyprus\u2019 Aphrodite natural gas field to Egypt will begin by the end of the year, Oil Minister Tarek El Molla told Bloomberg Asharq yesterday at the World Economic Forum (WEF). The planned pipeline will allow natural gas from the field \u2014 estimated to hold as\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\/343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553445,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/egypts-lng-exports-are-maxed-out\/","url_meta":{"origin":607647,"position":4},"title":"Egypt\u2019s LNG exports are maxed out","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Egypt\u2019s LNG terminals are running at full capacity as the country tries to capitalize on the surge in natural gas prices overseas, Oil Minister Tarek El Molla told Reuters on Thursday. The country is currently exporting the equivalent of around 1.6 bn cubic feet per day (bcf\/d), helped by the\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\/12\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560759,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/11\/more-natgas-imports-from-israel\/","url_meta":{"origin":607647,"position":5},"title":"More natgas imports from Israel?","author":"enterpriseam admin","date":"11 March 2021","format":false,"excerpt":"More signs we could see a bump in natgas imports from Israel: Egypt\u2019s rising imports of natural gas from Israel\u2019s Leviathan could help bump up the offshore field\u2019s production and sales this year, CEO of Delek Drilling \u2014 a main operator of Leviathan \u2014 Yossi Abu told Reuters. Delek now\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\/3\/172.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\/607647","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=607647"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/607647\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/607630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/607648"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=607647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=607647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=607647"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=607647"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=607647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}