Europe will be getting more gas through liquefaction facilities in Egypt
Egypt is taking big strides towards its energy hub ambitions
Europe could be getting even more East Med gas through Egypt’s liquefaction plants thanks to a pipeline Egypt and Israel have agreed to build that will connect Israel’s offshore Leviathan gas field to Egypt’s liquefaction plants.
Oil Minister Tarek El Molla and Israeli Energy Minister Yuval Steinitz agreed on the planned pipeline during a meeting yesterday as part of the EastMed Gas Forum, according to an Oil Ministry statement.
The pipeline will help Israel ramp up its exports to Europe, Steinitz told local Israeli media, Reuters reports. Leviathan’s offshore gas field came online in 2019 and supplies Egypt and Jordan.
Israel’s Delek Drilling, a main operator of the Leviathan gas field, had said last year that it was mulling expanding its natural gas exports via Egypt’s Idku LNG terminal or by building its own floating terminal. At the time, the dispute over the Damietta plant had not yet been resolved, leaving Idku as Egypt’s only viable LNG terminal.