Egypt seeks to increase Israeli natural gas imports by 58% by mid-2025
Updated 2/17/2025 8:25:00 AM
Arab Finance: Egypt is working on an agreement with Israel to boost its natural gas imports by about 58% from the current 950 million cubic feet per day, starting the second half (H2) of 2025, unnamed government officials told Asharq Business.
The move aims to secure Egypt’s natural gas supply during the summer months.
The import increase will follow Chevron’s expansion of production at the Tamar gas field off Israel’s coast, which is expected to rise by about 58% to 1.5 billion cubic feet per day in H2 of this year, one source noted.
Until the end of 2023, Egypt directed Israeli gas flows to the Idku and Damietta liquefaction plants for re-export in liquefied form.
However, a decline in domestic production has led the government to divert imported gas to the local market to meet demand.
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