![]() The likelihood of discovering more gas in Israel is high The FLNG facility would allow Leviathan to produce 7 BCM per year for 20 years - equivalent, for example, to the volume of gas supplied to Egypt today. In the plan submitted to the Ministry of Energy and Infrastructure in 2016, and approved, there were two phases: initially, 12 BCM, and in the second phase 21 BCM annually.Ībout 3.5 years after the start of production from Leviathan, the partners started exploring FLNG facility options, because the liquefaction process, makes it possible to transport gas by ship to Europe and Asia and thus increase revenue, in contrast to the current situation where Israel only transports gas to Jordan and Egypt through pipelines or bases itself on Egyptian liquefaction facilities. Leviathan currently has an export capacity of 12 BCM annually, and this is expected to increase to 14 BCM and in the long term potentially 21 BCM per year based on FLNG (floating facility for liquefaction of natural gas). 66% of its gas production is exported, accounting for 83% of all Israeli gas exports. In Israel's gas exports the big numbers come from Leviathan. The increase in exports will include Tamar and Leviathan investing as partners in the development of the Nitsana pipeline, but only if gas exports to Egypt are increased. ![]() Israel recognizes Energean's Katlan gas discoveryĮgypt receives gas from Israel through various pipelines: about 5 BCM is transported annually on the EMG pipeline and this could grow to 8 BCM by the end of 2023 there is also a connection via Jordan to the Arab pipeline that also reaches Egypt and in 2027 it is planned to build the Nitsana pipeline with 6 BCM annual capacity. The goal in such a deal would be not only to supply gas to Egypt for its domestic market, which is important to Cairo, but also to Egypt's liquefaction facilities, which would allow gas to be shipped in liquid form to Europe. Such an increase would be based on at least 4 BCM, subject to the approval of the Ministry of Energy and Infrastructure, being procured by Egypt in a deal for 12 years. In 2022, Tamar accounted for only 17% of Israeli gas exports, and it would like to see Israel's overall exports increased to 16 BCM annually. For the reservoir partners to expand production capabilities, an estimated investment of $3 billion is required for Leviathan and $1 billion for Tamar, and they need to know that they will be able to export more. These exports are from the Leviathan field, which has maximum annual export production capacity of 12 BCM per year, 11 BCM per year from Tamar and 7 BCM per year from Karish. In Israel gas consumption in 2022 was 12.7 BCM, and export volume was 9.2 BCM, including 4.62 BCM to Egypt through the EMG pipeline. ![]() The Egyptians, who are in an economically problematic situation, are interested in Israeli gas both for conveyance through Egyptian liquefaction facilities to Europe (Cairo buys natural gas from Israel for $7.5 per thermal unit, and makes profits in the LNG market) and for its domestic economy.Įgypt's annual gas consumption totals 70-75 BCM (billion cubic meters), with Egypt itself producing about 60-63 BCM. "Globes" has learned that in a recent meeting between the head of Egyptian intelligence, Abbas Kamal, who is considered the second most powerful person in Cairo after President Abdel Fattah al-Sisi, and Israel's National Security Council head, Tzachi Hanegbi, the Egyptian official pressed Israel to approve an increase in exports. ![]() Israel's must balance between energy security and strengthening Israel's regional status through gas exports, in particular vis-a-vis Egypt.
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