Despite the war, Egypt increases the pace of purchasing Israeli gas

Egypt agreed to increase the quantities of natural gas imported from Israel by about 26% to reach 1.450 billion cubic feet per day during the first half of next year, instead of about 1.15 billion cubic feet per day now, according to a government official who spoke to Al-Sharq, on the condition that it not be published. its name.

The quantities of Israeli gas supplied to Egypt currently exceed the levels before the war on Gaza, as they rose during January by 15% on a monthly basis to record about 1.15 billion cubic feet per day, which will help the country increase its exports and secure part of the hard currency.

Egypt relies on Israeli gas to meet part of its domestic demand, while exporting the surplus in the form of liquefied gas mainly to Europe, through liquefaction plants in Idku and Damietta with a production capacity of 2.1 billion cubic feet per day. (Bloomberg)

Source:
Bloomberg

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