Israel’s gas shipments to Egypt fell by 20% as safety concerns prompted the shutdown of a key offshore field, threatening onward deliveries to Europe.
Halting the Tamar field in the Mediterranean Sea reduced Egypt’s imports of Israeli gas to about 650 million cubic feet per day, according to officials who asked not to be identified as they’re not authorized to speak publicly on the issue. The North African nation’s is weighing the impact on its plans for liquefied natural gas exports, after a cargo was shipped to Europe on Friday.
Israel’s gas shipments to Egypt fell by 20% as safety concerns prompted the shutdown of a key offshore field, threatening onward deliveries to Europe.
Halting the Tamar field in the Mediterranean Sea reduced Egypt’s imports of Israeli gas to about 650 million cubic feet per day, according to officials who asked not to be identified as they’re not authorized to speak publicly on the issue. The North African nation’s is weighing the impact on its plans for liquefied natural gas exports, after a cargo was shipped to Europe on Friday.
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