{"id":91966,"date":"2026-01-19T00:00:00","date_gmt":"2026-01-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=91966"},"modified":"2026-01-19T08:09:11","modified_gmt":"2026-01-19T08:09:11","slug":"leviathan-partners-take-final-investment-decision-on-expansion-project-after-egypt-drops-israel-first-clause-objections","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/01\/19\/leviathan-partners-take-final-investment-decision-on-expansion-project-after-egypt-drops-israel-first-clause-objections\/","title":{"rendered":"Leviathan partners take final investment decision on expansion project after Egypt drops \u201cIsrael First\u201d clause objections"},"content":{"rendered":"

It looks like the Egypt-Israel USD 35 bn natural gas import agreement is moving <\/strong>forward <\/strong>after all. <\/strong>Leviathan partner NewMed Energy confirmed in a disclosure (pdf)<\/a> that as of Thursday, all conditions precedent to the agreement<\/a> have been satisfied.<\/p>\n

Setting the stage to meet export quotas: <\/strong>Leviathan partners Chevron, NewMed Energy, and Ratio Energies took a USD 2.4 bn final investment decision<\/a> to nearly double the field\u2019s production capacity. <\/p>\n

Egypt ultimately dropped <\/strong>reservations over \u201cIsrael-first\u201d clauses<\/a><\/strong> that give the Israeli Energy Ministry the power to slash sales to Egypt by up to 60% starting in 2036 to satisfy its own domestic grid if the regulator thinks it needs the gas at home.<\/p>\n

Stage one of the expansion will see Leviathan nearly double production capacity <\/strong>to 21 <\/strong>bcm a year from 12 bcm<\/strong>, with increased gas flows from the expansion to start in 2H 2029. New wells, expanded subsea infrastructure, and the removal of pipeline bottlenecks will allow for imports to Egypt to gradually ramp up to 2.1 bcf\/d.<\/p>\n

MEANWHILE- Officials in Cairo are working to line up fresh flows from Cyprus<\/strong>, with a final investment decision to bring the 3.1 tcf Cronos field online and export its output to Egypt<\/a> to be announced in March at the Egypt Energy Show, industry publication Mees<\/a> reports. Egypt will re-export the Cypriot gas as LNG. <\/p>\n

The Israel and Cyprus import agreements are key to Egypt\u2019s positioning as the premier energy hub <\/strong>in the Eastern Mediterranean, covering conventional, clean, and new energy. <\/p>\n","protected":false},"excerpt":{"rendered":"

For Egypt, this is a pragmatic retreat that secures future energy 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partners take final investment decision on expansion project after Egypt drops objections to \u201cIsrael First\u201d clause","related_issue":[91958],"teaser":"For Egypt, this is a pragmatic retreat that secures future energy flows"},"yoast_head":"\nLeviathan partners take final investment decision on expansion project after Egypt drops \u201cIsrael First\u201d clause objections - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2026\/01\/19\/leviathan-partners-take-final-investment-decision-on-expansion-project-after-egypt-drops-israel-first-clause-objections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leviathan partners take final investment decision on expansion project after Egypt drops \u201cIsrael First\u201d clause 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