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Israel-Egypt Gas Flows Resumed at Lower Rates: Egyptian Official

NATURAL GAS

Israel’s natural gas exports to Egypt have resumed but are still reduced, an official in Egypt's petroleum ministry said on Thursday. Argus Media reported on Tuesday flows had resumed.

  • Natural gas pipeline flows from Israel to Egypt came to a halt on Sunday, from previously 800mcf/d, the Egyptian cabinet said.
  • Energean’s 6.5bcm/yr Karish field in Israel had a brief outage on 27 October but resumed to full production rates on 31. While the field does not have a license to exports, flows from other fields such as the Leviathan project had been directed to the domestic market, as stipulated by law, leading to a decline in natural gas exports.
  • Flows to Egypt were first reduced after the shutdown of Chevron’s 10bcm Tamar gas field in Israel on 9 October.
  • Flows from Israel to Egypt have likely not fully halted last weekend but instead have been reduced according to market sources.
  • "Exports to Egypt are ongoing continuously, which shows the project's commitment to its customers and the Egyptian market. Gas production at Leviathan has continued throughout this period," an official in the Leviathan project said on Tuesday.
  • One source with knowledge of the matter said that a brief outage at Israel's offshore gas field Karish led to more gas from Leviathan being pumped into Israel, reducing exports but not halting them.

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