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Israeli gas to Egypt faces technical and political issues
Egypt is experiencing fluctuations in Israeli gas supplies due to maintenance work at the Tamar and Leviathan fields in the Mediterranean Sea, which will lead to a 50% reduction in supplies for three days, starting from Monday. These supplies are considered a significant source, accounting for approximately 35% of Egypt's gas imports. Measures have been taken to hedge against this disruption, including diversifying sources, increasing liquefied natural gas (LNG) import capabilities, and substituting part of the lost supplies. The Egyptian government affirms its ability to handle any emergencies through strategic and commercial reserve strategies, especially as its daily consumption has risen to 6.2 billion cubic feet, with production expected to reach 6.6 billion by 2027.
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