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Israel to Boost Gas Supply to Egypt By Up To 50% This Month

  • Additional 2-2.5 bcm per year will flow via Arab Gas Pipeline
  • Chevron operates Israel’s 2 biggest offshore gas reservoirs

Israel will boost natural gas exports to Egypt by as much as 50% by the end of the month, deepening energy ties between Middle Eastern neighbors that have designs to become regional hubs. 

The firms that own Israel’s two biggest offshore reservoirs, led by Chevron Corp., will pipe another 2-2.5 billion cubic meters more of gas per year to Egypt, Israel’s Energy Minister Karine Elharrar said in an interview in Cairo late Monday, without disclosing any financial details.