{"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":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> 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 (<a target=\"_blank\" href=\"https:\/\/bit.ly\/3LWaC0D\" style=\"\" rel=\"noopener\">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 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/613a0e7e-2a74-4d1b-8b28-0c9660944559\" style=\"\" rel=\"noopener\">re-export to Europe<\/a>, El Molla cited the latter for boosting our gas imports from Israel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Imports jumped in 1H 2023: <\/strong>Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08badece-8b03-4cb3-9583-30008b94f996\" style=\"\" rel=\"noopener\">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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> 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 <a target=\"_blank\" href=\"https:\/\/bit.ly\/3tk329H\" style=\"\" rel=\"noopener\">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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Remember: <\/strong>We have exported <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7db6d0ec-6a2c-429f-b240-a34fa57dfddf\" style=\"\" rel=\"noopener\">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 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/846ecdd4-0a16-40f5-8c1e-ef52f3265a06\" style=\"\" rel=\"noopener\">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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> 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 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a012b85-4fb4-42da-9d9f-e20c2af9a19f\" style=\"\" rel=\"noopener\">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 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00b7a282-e808-4e11-bcb5-6f50267107bb\" style=\"\" rel=\"noopener\">expected<\/a> to be inked between EGAS and the Palestine Investment Fund back in 1Q 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Our imports of Israeli gas are on the rise. 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Israeli Energy Minister Yuval Steinitz spoke to Oil Minister Tarek El Molla last week, after the latter\u2019s interview with Bloomberg about Egypt reaching self-sufficiency and cutting state LNG imports by 2018 \u201csent\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":558441,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/egypt-could-liquefy-and-export-israeli-natgas\/","url_meta":{"origin":607647,"position":1},"title":"Egypt could liquefy and export Israeli natgas","author":"enterpriseam admin","date":"10 August 2021","format":false,"excerpt":"Damietta, Idku plants could become LNG import-and-export terminals for Israeli natgas: Oil Minister Tarek El Molla discussed with his Israeli counterpart Karine Elharrar during a phone call yesterday \u201cfuture plans\u201d to receive and liquefy Israeli natural gas at Egypt\u2019s LNG facilities (read: the Damietta and Idku liquefaction plants) before it\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/134.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601442,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/28\/egypts-position-as-regional-hub-secure-as-lng-demand-looks-set-to-grow\/","url_meta":{"origin":607647,"position":2},"title":"Egypt\u2019s position as regional hub secure as LNG demand looks set to grow","author":"enterpriseam admin","date":"28 February 2019","format":false,"excerpt":"Israel\u2019s LNG export dreams look increasingly dependent on Egypt: It is increasingly clear that an agreement between Cyprus, Greece, and Israel reached last December to proceed with an East Med pipeline will not give Israel the edge to exporting the region\u2019s gas to Europe without Egypt, according to an analysis\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/263.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622425,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/01\/emg-israeli-electric-are-withdrawing-arbitration-cases-against-egypt\/","url_meta":{"origin":607647,"position":3},"title":"EMG, Israeli Electric are withdrawing arbitration cases against Egypt","author":"enterpriseam admin","date":"1 October 2018","format":false,"excerpt":"EMG, IEC have begun withdrawing arbitration cases against Egypt: East Mediterranean Gas (EMG) and Israel Electric Corporation have officially begun proceedings to drop their international arbitration case against state energy companies EGPC and EGAS, according to Oil Ministry sources. The two cases would have seen Egypt pay a combined USD\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":632178,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/is-the-oil-ministry-backtracking-on-ending-lng-imports-in-july\/","url_meta":{"origin":607647,"position":4},"title":"Is the Oil Ministry backtracking on ending LNG imports in July?","author":"enterpriseam admin","date":"5 February 2018","format":false,"excerpt":"Is the Oil Ministry backtracking on ending LNG imports in July? \u201cEgypt will stop importing LNG by the end of the year,\u201d Oil Minister Tarek El Molla said at a press conference yesterday, according to Reuters. El Molla had announced last week that Egypt will end LNG shipments by mid-2018,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":637346,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/govt-will-only-approve-gas-imports-from-israel-after-disputes-are-resolved-el-molla\/","url_meta":{"origin":607647,"position":5},"title":"Gov\u2019t will only approve gas imports from Israel after disputes are resolved -El Molla","author":"enterpriseam admin","date":"14 November 2017","format":false,"excerpt":"The government will not issue permits to companies to import natural gas from Israel until the arbitration cases between Egypt and Israel are resolved, Oil Minister Tarek El Molla said, according to Reuters. The government will sign off on agreements to import from our eastern neighbor only once the disputes\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]}],"_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}]}}