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NATGAS: Israel-Egypt Gas Flows Exceed 1bcf/d in Nov: MEES

NATGAS
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Egypt’s imports of Israeli gas hit an 8-month high of 1.02 bcf/d in November, according to MEES.

  • This helped Cairo to cut its need for spot LNG cargoes, with several cargoes due for Q4 delivery pushed into Q1 2025.
  • This was the first time Egypt’s imports of Israeli gas exceeded 1 bcf/d since hitting a record 1.065 bcf/d in April.
  • Flows fell below 900 mcf/d for June and July amid Israel’s own summer power peak demand, MEES said.
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Egypt’s imports of Israeli gas hit an 8-month high of 1.02 bcf/d in November, according to MEES.

  • This helped Cairo to cut its need for spot LNG cargoes, with several cargoes due for Q4 delivery pushed into Q1 2025.
  • This was the first time Egypt’s imports of Israeli gas exceeded 1 bcf/d since hitting a record 1.065 bcf/d in April.
  • Flows fell below 900 mcf/d for June and July amid Israel’s own summer power peak demand, MEES said.