{"id":658912,"date":"2025-01-19T00:00:00","date_gmt":"2025-01-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/19\/egyptian-imports-of-israeli-gas-hit-a-record-981-mn-cfd-in-2024\/"},"modified":"2025-01-19T00:00:00","modified_gmt":"2025-01-19T00:00:00","slug":"egyptian-imports-of-israeli-gas-hit-a-record-981-mn-cfd-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/19\/egyptian-imports-of-israeli-gas-hit-a-record-981-mn-cfd-in-2024\/","title":{"rendered":"Egyptian imports of Israeli gas hit a record 981 mn cfd in 2024"},"content":{"rendered":"

A record year for Egyptian imports of Israeli gas: <\/strong>Egypt imported a record 981 mn cfd of natural gas from Israel last year, up 18.2% y-o-y, according to a report from industry publication Mees. The increase was driven by a growing gas deficit thanks to a dip in local gas production that saw production fall to a seven-year low of 4.5 bn cfd in October.<\/p>\n

Egypt\u2019s imports of Israeli gas have been steadily increasing for years <\/strong>now<\/strong>, with Israeli gas imports rising to their current level from just 202 mn cfd in 2020. Israel\u2019s NewMed Energy \u2014 which owns 45.3% of the Leviathan gas field \u2014 also recently floated the prospect of doubling Egypt-bound shipments to more than 2 bn cfd by 2030. On the other hand, the report says Egypt\u2019s only alternative is LNG imports \u2014 whose spot prices currently sit at around USD 14 per mn BTU, significantly costlier than Israel\u2019s USD 6.5 per mn BTU imports.<\/p>\n

Capacity constraints to cap Israeli gas shipments in 2025:<\/strong> Israeli gas exports to Egypt may face a cap until late 2025 due to infrastructure limitations, according to the report. Even with Israel on track to boost its exporting capacity with a number of infrastructure and field expansion projects due for completion in the near future, \u201cthe volume that Egypt can import from Israel will then be capped at the capacity of the Arish-Port Said pipeline, which currently stands at 1.4 bn cfd.\u201d While there are plans to add a second pipeline running parallel to the Arish-Port said pipeline to double its capacity, it won\u2019t be operational until 2H 2027, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The figure marks a 18.2% y-o-y increase<\/p>\n","protected":false},"author":1,"featured_media":658913,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[196,93,72,89,91,594],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-658912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-bp","tag-energy","tag-enterpriseam","tag-israel","tag-oil-and-gas","tag-shell","wpautop","entry"],"acf":{"mongo_id":"292f5b6a-3b45-4ee7-b12b-bed146062239","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1753.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian imports of Israeli gas hit a record 981 mn cfd in 2024","related_issue":[658896],"teaser":"The figure marks a 18.2% y-o-y increase","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.80480ab9-11a3-4521-b1ed-2f7d63c541ce.mp3"},"yoast_head":"\nEgyptian imports of Israeli gas hit a record 981 mn cfd in 2024 - 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PLUS: Exports from Israel to ramp up by 2H 2025","author":"enterpriseam admin","date":"24 April 2024","format":false,"excerpt":"The government is reportedly also in talks with BW Energy to lease a unit from the Norwegian-Singaporian company for a five-year period","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\/2024\/4\/1536.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607647,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/08\/our-imports-of-israeli-gas-are-on-the-rise-our-lng-exports-are-not\/","url_meta":{"origin":658912,"position":3},"title":"Our imports of Israeli gas are on the rise. Our LNG exports are not.","author":"enterpriseam admin","date":"8 October 2023","format":false,"excerpt":"Our Israeli gas imports are expected to jump another 30% over the coming period","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\/2023\/10\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601041,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/damietta-liquefaction-plant-to-export-c-550-mn-cfd-of-natural-gas-by-april\/","url_meta":{"origin":658912,"position":4},"title":"Damietta liquefaction plant to export c.550 mn cfd of natural gas by April","author":"enterpriseam admin","date":"18 February 2019","format":false,"excerpt":"Damietta LNG plant to reopen in April after six-year hiatus: TheDamietta liquefaction plant will reopen in April and export around 550 mn cfd of natural gas following a six-year hiatus, an oil ministry source told the domestic press. The potential resumption of exports comes as plant operator Union Fenosa 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":609391,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/05\/israeli-gas-imports-ramping-back-up-but-still-at-barely-a-quarter-of-pre-war-rate\/","url_meta":{"origin":658912,"position":5},"title":"Israeli gas imports ramping back up, but still at barely a quarter of pre-war rate","author":"enterpriseam admin","date":"5 November 2023","format":false,"excerpt":"Israel is reportedly upping its gas exports now its domestic needs have been met","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\/2023\/11\/165.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\/658912","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=658912"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/658912\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/658896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/658913"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=658912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=658912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=658912"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=658912"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=658912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}