Egypt eyes LNG export resumption, navigating energy challenges amid regional turbulence

Egypt plans to resume liquefied natural gas (LNG) exports by the end of this month or early next month at the latest after the resumption of the natural gas flow from the Tamar field, which was totally suspended since the beginning of the Israeli bombing of Gaza. The government anticipates stabilized natural gas injection rates, coupled with reduced local market consumption following a decline in electricity station usage due to lower temperatures during this period.

 

Egypt relies on imports of Israeli gas to meet a portion of its domestic demand, as well as for re-export purposes. This comes at a time when the demand for gas in Egypt is increasing, while its production has fallen to its lowest levels in three years this year. The country faces an energy shortage in the summer, where heatwaves lead to increased demand for cooling.

 

According to the consulting firm Rystad Energy, Egypt imports around 7 billion cubic feet of natural gas annually from the Israeli gas fields Tamar and Leviathan.

 

 

Chevron announced on Tuesday, Nov. 14, the resumption of natural gas flow through the East Mediterranean Gas Pipeline from Israel to Egypt after a one-month hiatus ‘due to the ongoing conflict between Israel and Hamas in Gaza’ as the energy company described.

 

The company confirmed in a press release the resumption of natural gas flow through the East Mediterranean Gas Pipeline on November 14, 2023.