Monday 13 May 2024
Last update on Monday, May 13, 2024 At 7:00 AM
The production capacity of the Leviathan gas field should increase from 1.2 to 1.4 billion cfd (cubic feet per day) from 2025 thanks to a third extraction pipeline.
Israel’s gas export capacity is continuing to grow, but only through improvements to existing facilities or investments already underway: the subsea pipeline between Ashkelon and Ashdod, a new compressor station to double export capacity via Jordan, and the Nitzana pipeline.
New investments seem to be delayed indefinitely, either by the political situation (which is affecting the Emirates’ ADNOC’s stake in Leviathan) or by technical and financial risks (the floating liquefaction platform).
In the short term, Egypt’s share of Israel’s exports will increase, and already stands at 80%, with the remainder going to Jordan. Exports of Israeli gas to these two countries were only partially interrupted for a month and are now at their peak again.
Source: French Embassy in Israel
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