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Egypt Pressing Israel to Increase Gas Exports
(Globes) Dean Shmuel Elmas - In a recent meeting, the head of Egyptian intelligence, Abbas Kamal, pressed Israel to approve an increase in gas exports for conveyance through Egyptian liquefaction facilities to Europe and for Egypt's domestic economy. Gas consumption in Israel in 2022 was 12.7 BCM (billion cubic meters), and export volume was 9.2 BCM, including 4.62 BCM to Egypt. To expand production capabilities, an investment of $3 billion is required for Israel's Leviathan field and $1 billion for the Tamar field.