{"id":626259,"date":"2024-06-27T00:00:00","date_gmt":"2024-06-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/27\/israels-leviathan-gas-field-to-invest-up-to-usd-500-mn-to-expand-production-after-israeli-govt-approves-bill-to-double-gas-exports\/"},"modified":"2024-06-27T00:00:00","modified_gmt":"2024-06-27T00:00:00","slug":"israels-leviathan-gas-field-to-invest-up-to-usd-500-mn-to-expand-production-after-israeli-govt-approves-bill-to-double-gas-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/27\/israels-leviathan-gas-field-to-invest-up-to-usd-500-mn-to-expand-production-after-israeli-govt-approves-bill-to-double-gas-exports\/","title":{"rendered":"Israel\u2019s Leviathan gas field to invest up to USD 500 mn to expand production after Israeli gov\u2019t approves bill to double gas exports"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel is set to expand its natural gas exports: <\/strong>Shortly after the Israeli government greenlit a proposal to double the amount of gas allowed to be exported, shareholders in the country\u2019s Leviathan gas field \u2014 Israel\u2019s largest \u2014 announced that they plan to invest up to USD 500 mn to expand production, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/israel-approves-extra-gas-exports-leviathan-field-be-expanded-2024-06-26\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The decision will \u201cstrengthen diplomatic ties, improve Israel's energy security and bring an added windfall to the economy,\u201d Reuters quotes Israeli Energy Minister Eli Cohen as having said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Egypt angle: <\/strong>The field primarily exports to Egypt and Jordan, with exports from the Leviathan gas field to Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c7e490a-05c4-4b3c-8ed9-e655ba0b6d37\/blinken-will-land-in-egypt-tomorrow\" style=\"\" rel=\"noopener\">reaching<\/a> 6.3 bcm last year, up 28% from the previous year despite a temporary pause on exports after Israel began its war on Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The surprise week-long extension of additional outages this week came as a result of a gas field in a \u201cneighboring country\u201d being offline for a 12-hour period, Prime Minister Mostafa Madbouly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/454b221a-69a5-4435-864e-86f3fc55f90e\/egyptian-government-pledges-to-end-power-cuts-by-third-week-of-july-with-usd-1.2-bn-set-aside-for-energy-imports-and-other-initiatives\" style=\"\" rel=\"noopener\">said<\/a> on Tuesday, without specifying the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The field primarily exports to Egypt and Jordan, with exports to Egypt reaching 6.3 bcm last year<\/p>\n","protected":false},"author":1,"featured_media":626260,"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":[93,72,89,2498,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-israel","tag-leviathan","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"b9994e1e-4b59-41b2-9882-6dbe31314d3f","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1753.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Israel\u2019s Leviathan gas field to invest up to USD 500 mn to expand production after Israeli gov\u2019t approves bill to double gas exports","related_issue":[626246],"teaser":"The field primarily exports to Egypt and Jordan, with exports to Egypt reaching 6.3 bcm last year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.2b791d33-601d-412e-8ce5-6dbac199c1f7.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The Israeli Energy Ministry gave its\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":568794,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/israel-mulls-bumping-up-lng-exports-from-egypt\/","url_meta":{"origin":626259,"position":1},"title":"Israel mulls bumping up LNG exports from Egypt","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Israel mulls bumping up LNG exports from Egypt. Israel\u2019s Delek Drilling will decide this year whether to expand its natural gas exports via Egypt\u2019s LNG terminal or through a floating terminal, CEO Yossi Abu said, according to Reuters. Delek\u2019s options on the table are either using the Idku LNG plant\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\/2020\/2\/50.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592067,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/25\/israeli-gas-exports-to-egypt-face-possible-delays-again\/","url_meta":{"origin":626259,"position":2},"title":"Israeli gas exports to Egypt face possible delays, again","author":"enterpriseam admin","date":"25 December 2019","format":false,"excerpt":"Israeli gas exports to Egypt face possible delays \u2014 again: The Israeli Environmental Protection Ministry has briefly delayed the start of production from the offshore giant Leviathan natural gas field until it receives more data from energy companies on the field\u2019s greenhouse gas emissions, according to a ministry statement cited\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\/2020\/1\/613.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":666239,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/01\/nitzana-pipeline-delay-caps-imports-of-israeli-gas\/","url_meta":{"origin":626259,"position":3},"title":"Nitzana pipeline delay caps imports of Israeli gas","author":"enterpriseam admin","date":"1 June 2025","format":false,"excerpt":"The delay is expected to limit Israeli gas exports to Egypt to 1.6 bn cfd from 2H 2026","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\/2024\/8\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591318,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/03\/natgas-exports-from-israels-leviathan-on-schedule-to-hit-egyptian-market-in-a-few-weeks\/","url_meta":{"origin":626259,"position":4},"title":"Natgas exports from Israel\u2019s Leviathan on schedule to hit Egyptian market in a few weeks","author":"enterpriseam admin","date":"3 December 2019","format":false,"excerpt":"Natgas exports from Israel\u2019s Leviathan on schedule to hit Egyptian market in a few weeks: Delek Drilling and Noble Energy expect to begin supplying natural gas from the offshore Leviathan field to the Israeli market within three weeks, after which exports to Egypt and Jordan from the field will begin,\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\/5\/857.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598743,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/delek-hopes-to-start-gas-exports-to-egypt-by-the-end-of-june\/","url_meta":{"origin":626259,"position":5},"title":"Delek hopes to start gas exports to Egypt by the end of June","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"Delek looks set to meet its end-of-June target to start gas exports to Egypt: Israel\u2019s Delek Drilling is on track to begin commercial sales of natural gas to Egypt by the end of the month, with technical testing on the pipelines that will carry the gas currently underway, Deputy CEO\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed 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