The war between Israel and Hamas will also be fought over gas
The war between Israel and Hamas also affects the gas market. Particularly in the Jewish state. Here because. The analysis by Andrea Muratore of the Italian Center for Strategy and Intelligence (Cisint), taken from his Facebook profile
The war between Israel and Hamas also affects the gas market. Particularly in the Jewish state.
TAMAR'S SUSPENSION
Following the Hamas attacks, Israel's Energy Ministry on October 9 ordered Chevron, the operator of the Tamar platform 25 kilometers northwest of Gaza, which primarily met domestic needs, to temporarily cease production.
On October 10, the Israeli government also instructed Chevron to temporarily suspend flows through the most important gas pipeline connecting Israel and Egypt, the East Mediterranean Gas (EMG) pipeline, which connects Ashkelon, an Israeli city 13 km north of Gaza, Arish in North Sinai, Egypt.
HOW MUCH GAS DOES ISRAEL PRODUCE?
In 2022, Israel produced 21.9 billion cubic meters (Bcm) of gas, 11.4 Bcm from Leviathan and 10.2 Bcm from Tamar. Of this, 12.7 billion cubic meters were consumed domestically, while 5.8 billion cubic meters were exported to Egypt and 3.4 billion cubic meters to Jordan. A further increase in exports was expected in 2023, supported by the start of production from the Karish field ( Bruegel data).
THE SITUATION IN EGYPT AND JORDAN
The risk of disruption to gas supplies to Egypt and Jordan, as well as an energy crisis in Gaza, can complicate regional economic scenarios. It will also be an important test for Europe.
Until a few months ago it was thought that the Israel-Egypt axis could open up the connection between Leviathan-Tamar and Zohr, the giant Egyptian offshore field discovered by Eni and open up a consolidation of exports to Europe. The combination of the doubling of Leviathan, the new discoveries and the increase in the export capabilities of the Jewish State could lead, directly or otherwise, to Tel Aviv supplying a tenth of the gas guaranteed to Europe today by Russia in the years to come. Enhancing the Italian interest. Objectives have now become more uncertain for security reasons as well as the stabilization with Lebanon driven by energy.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/guerra-israele-hamas-gas/ on Wed, 01 Nov 2023 06:19:14 +0000.