Israel has started the operational rollout of its largest-ever natural gas export agreement with Egypt, worth an estimated $35 billion, following the completion of a new offshore pipeline between Ashdod and Ashkelon.
Israel's contracted gas exports to Egypt are expected to rise by around 40% © Mena Today
Israel has started the operational rollout of its largest-ever natural gas export agreement with Egypt, worth an estimated $35 billion, following the completion of a new offshore pipeline between Ashdod and Ashkelon.
Neomed Energy said the pipeline, built by Israel's National Gas Transmission Company, will increase gas exports to Egypt through the EMG pipeline connecting Ashkelon to El-Arish by an additional 2 billion cubic meters (bcm) a year.
The expansion raises the pipeline's annual capacity from 6.5 bcm to 8.5 bcm and marks a key step in strengthening energy cooperation between the two countries.
The project also coincides with the addition of a third pipeline from the Leviathan offshore gas field, lifting its annual production capacity to 15.8 bcm.
As a result, Israel's contracted gas exports to Egypt are expected to rise by around 40%, from 4.7 bcm to 6.7 bcm per year, reinforcing Israel's position as a major regional energy supplier while helping Egypt meet domestic demand and expand LNG exports.
Israel shared intelligence with Washington this week indicating that Iran had recently devised a new plan to assassinate President Donald Trump, according to the Wall Street Journal and CNN, both citing anonymous sources.
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