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.
A Lebanese official denied on Thursday a Reuters report that Beirut had agreed with Israel to a shortlist of countries that could send troops to Lebanon to verify the disarmament of Lebanese militant group Hezbollah, and said it was following up on the issue with Washington.
Israel won't withdraw from southern Lebanon until Hezbollah is disarmed, the defence minister said on Thursday, qualifying remarks he made a day earlier that had suggested Israeli forces would occupy the territory indefinitely and drew U.S. criticism.
Israeli troops clashed with Jewish settlers on Wednesday while trying to disperse them from a West Bank outpost they set up directly in front of Palestinian homes, and later withdrew from the area after failing to clear the settlers, witnesses said.
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