In 2018, an agreement for the delivery of around 64 billion cubic meters of gas over ten years was signed between the Egyptian Dolphinus and the operators of the Israeli Tamar and Leviathan gas fields.
On February 16, the Jewish State announced, via its Ministry of Infrastructure, Energy and Water Resources, that it plans to deliver gas to Egypt through a pipeline that leaves from Beit Shean in Israel, passes through the port city of Aqaba in Jordan before arriving in Egypt.
The first deliveries via the new route are announced to begin during the month of February 2022. The new delivery circuit will increase Israeli gas exports to Egypt by more than 50%.
It comes on top of the East Mediterranean Gas (EMG) pipeline that connects the two countries and through which 5 billion cubic meters of gas are transported to Egypt each year. Forecasts indicate that an additional 2.5 to 3 billion cubic meters of gas should be exported to Egypt this year through this infrastructure. A quantity that could peak at 4 billion cubic meters in the years to come.
According to the same Israeli ministry, the additional exports will generate about 31.3 million dollars in annual revenue for the Jewish state. In addition, they will help strengthen geopolitical relations between Israel and neighboring countries while promoting the transition to a low-carbon economy.