Latest news with #Energean
Arab News
12 hours ago
- Business
- Arab News
Israel restarts limited gas exports amid ongoing conflict, Egypt still waiting
CAIRO: Israel has resumed limited natural gas exports from surplus supplies, the country's Energy Ministry said on Thursday, nearly a week after shutting down two key offshore fields as Israel and Iran waged an air battle. A ministry spokesperson told Reuters that exports are now resuming 'from surpluses, after domestic needs are met.' An energy ministry source said most of the limited exported gas is currently flowing to Jordan, and only 'tiny volumes' reached Egypt this week. Egyptian fertilizer producers, who were forced to halt operations due to the supply disruption, told Reuters they have yet to receive any gas but expect flows to resume next week. The Egyptian Petroleum Ministry did not immediately respond to a Reuters request for comment. Following military escalation in the region, Israel halted exports on June 13 after closing the Leviathan field, operated by Chevron and the Karish field operated by Energean. Only the Tamar field has remained operational, supplying mainly domestic demand. Israeli Energy Minister Eli Cohen said on Wednesday that exports would only resume once military authorities deemed it safe. 'I don't want to use our strategic storage, so therefore, I needed to cut exports,' he told Reuters. Egypt, which has increasingly relied on Israeli gas since a domestic production decline in 2022, is scrambling to compensate for the supply gap. The country has ramped up fuel oil use in power plants and has signed deals to import over $8 billion worth of liquefied natural gas, while preparing additional floating regasification units. Israeli gas typically accounts for up to 60 percent of Egypt's total gas imports and around a fifth of its total consumption, according to data from the Joint Organizations Data Initiative (JODI).
Reuters
12 hours ago
- Business
- Reuters
Israel restarts limited gas exports amid ongoing conflict, Egypt still waiting
CAIRO, June 19 (Reuters) - Israel has resumed limited natural gas exports from surplus supplies, the country's Energy Ministry said on Thursday, nearly a week after shutting down two key offshore fields as Israel and Iran waged an air battle. A ministry spokesperson told Reuters that exports are now resuming "from surpluses, after domestic needs are met." An energy ministry source said most of the limited exported gas is currently flowing to Jordan, and only "tiny volumes" reached Egypt this week. Egyptian fertilizer producers, who were forced to halt operations due to the supply disruption, told Reuters they have yet to receive any gas but expect flows to resume next week. The Egyptian Petroleum Ministry did not immediately respond to a Reuters request for comment. Following military escalation in the region, Israel halted exports on June 13 after closing the Leviathan field, operated by Chevron and the Karish field operated by Energean. Only the Tamar field has remained operational, supplying mainly domestic demand. Israeli Energy Minister Eli Cohen said on Wednesday that exports would only resume once military authorities deemed it safe. "I don't want to use our strategic storage, so therefore, I needed to cut exports," he told Reuters. Egypt, which has increasingly relied on Israeli gas since a domestic production decline in 2022, is scrambling to compensate for the supply gap. The country has ramped up fuel oil use in power plants and has signed deals to import over $8 billion worth of liquefied natural gas, while preparing additional floating regasification units. Israeli gas typically accounts for up to 60% of Egypt's total gas imports and around a fifth of its total consumption, according to data from the Joint Organisations Data Initiative (JODI).
Arab News
2 days ago
- Business
- Arab News
Israel to resume natural gas exports when military deems it's safe, energy minister says
TEL AVIV: Israel will resume its natural gas exports when the country's military believes it would be safe to do so, Israel's Energy Minister Eli Cohen said on Wednesday, as an air battle between Israel and Iran entered its sixth day. Two of Israel's three gas fields — Chevron-operated Leviathan and Energean's Karish — off its Mediterranean coast that provide the bulk of exports to Egypt and Jordan, have been shut since June 13 amid the conflict between Israel and Iran. That leaves in operation only the older Tamar field, used mainly for domestic supplies. Cohen said he has been in contact with Egypt and Jordan about the cut in supplies. 'They can see that we are in a war. I don't want to use our strategic storage, so therefore, I needed to cut exports,' Cohen told Reuters after a news briefing. 'I hope I will be able to use another rig as soon as possible and use it for the supply of gas (exports). For me, the most important thing is (supplying) Israel,' he said, alluding to fueling needs during the conflict with Iran. It wasn't clear when another gas field will be reopened, Cohen said, noting: 'We are working with them [the military], the Navy, and right now their recommendation is that one (field) will continue to work and two will be shut down.' Israeli gas accounts for about 15-20 percent of Egypt's consumption, data from the Joint Organizations Data Initiative (JODI) shows. The disruption to Israel's gas supply led Egyptian fertilizer producers to halt operations on Friday. Israel launched the air war on Iran on Friday after concluding the latter was on the verge of developing a nuclear weapon. Iran maintains its nuclear program is purely for civilian purposes. OTHER ENERGY SOURCES Israel's energy sector, Cohen said, was operating normally, with no shortages expected since the country also maintains reserves in coal, diesel and renewable energy. Israel's Oil Refineries in Haifa was hit by an Iranian missile this week, which killed three people and halted operations. Cohen said he hoped the facility would resume operations within a month, though a second refinery in the south remains open. Since Friday, the percentage of renewable, or solar, energy used in electricity production has more than doubled to some 40 percent, Cohen said. There was also some damage to wastewater treatment facilities and pipelines from Iranian air strikes. Cohen acknowledged that victory against Iran could take weeks but Israel's energy demands could be met. 'Although the Iranians struck some of our plants, we have very strong energy facilities that can supply all the energy demands for Israeli citizens and the army, in fuel, gas, electricity and water.'
Al Arabiya
2 days ago
- Business
- Al Arabiya
Israel to resume natural gas exports when military deems it's safe, energy minister says
Israel will resume its natural gas exports when the country's military believes it would be safe to do so, Israel's Energy Ministry Eli Cohen said on Wednesday, as an air battle between Israel and Iran entered its sixth day. Two of Israel's three gas fields - Chevron-operated Leviathan and Energean's Karish - off its Mediterranean coast that provide the bulk of exports to Egypt and Jordan, have been shut since June 13 amid the conflict between Israel and Iran. That leaves in operation only the older Tamar field, used mainly for domestic supplies. Cohen said he has been in contact with Egypt and Jordan about the cut in supplies. 'They can see that we are in a war. I don't want to use our strategic storage, so therefore, I needed to cut exports,' Cohen told Reuters after a news briefing. 'I hope I will be able to use another rig as soon as possible and use it for the supply of gas (exports). For me, the most important thing is (supplying) Israel,' he said, alluding to fueling needs during the conflict with Iran. It wasn't clear when another gas field will be reopened, Cohen said, noting: 'We are working with them [the military], the Navy, and right now their recommendation is that one (field) will continue to work and two will be shut down.' Israeli gas accounts for about 15-20 percent of Egypt's consumption, data from the Joint Organizations Data Initiative (JODI) shows. The disruption to Israel's gas supply led Egyptian fertilizer producers to halt operations on Friday. Israel launched the air war on Iran on Friday after concluding the latter was on the verge of developing a nuclear weapon. Iran maintains its nuclear program is purely for civilian purposes. Other energy sources Israel's energy sector, Cohen said, was operating normally, with no shortages expected since the country also maintains reserves in coal, diesel and renewable energy. Israel's Oil Refineries in Haifa was hit by an Iranian missile this week, which killed three people and halted operations. Cohen said he hoped the facility would resume operations within a month, though a second refinery in the south remains open. Since Friday, the percentage of renewable, or solar, energy used in electricity production has more than doubled to some 40 percent, Cohen said. There was also some damage to wastewater treatment facilities and pipelines from Iranian air strikes. Cohen acknowledged that victory against Iran could take weeks but Israel's energy demands could be met. 'Although the Iranians struck some of our plants, we have very strong energy facilities that can supply all the energy demands for Israeli citizens and the army, in fuel, gas, electricity and water.'
Reuters
2 days ago
- Business
- Reuters
Israel to resume natural gas exports when military deems it's safe, energy minister says
TEL AVIV, June 18 (Reuters) - Israel will resume its natural gas exports when the country's military believes it would be safe to do so, Israel's Energy Ministry Eli Cohen said on Wednesday, as an air battle between Israel and Iran entered its sixth day. Two of Israel's three gas fields - Chevron-operated Leviathan and Energean's Karish - off its Mediterranean coast that provide the bulk of exports to Egypt and Jordan, have been shut since June 13 amid the conflict between Israel and Iran. That leaves in operation only the older Tamar field, used mainly for domestic supplies. Cohen said he has been in contact with Egpyt and Jordan about the cut in supplies. "They can see that we are in a war. I don't want to use our strategic storage, so therefore, I needed to cut exports," Cohen told Reuters after a news briefing. "I hope I will be able to use another rig as soon as possible and use it for the supply of gas (exports). For me, the most important thing is (supplying) Israel," he said, alluding to fueling needs during the conflict with Iran. It wasn't clear when another gas field will be reopened, Cohen said, noting: "We are working with them [the military], the Navy, and right now their recommendation is that one (field) will continue to work and two will be shut down." Israeli gas accounts for about 15-20% of Egypt's consumption, data from the Joint Organisations Data Initiative (JODI) shows. The disruption to Israel's gas supply led Egyptian fertilizer producers to halt operations on Friday. Israel launched the air war on Iran on Friday after concluding the latter was on the verge of developing a nuclear weapon. Iran maintains its nuclear programme is purely for civilian purposes. Israel's energy sector, Cohen said, was operating normally, with no shortages expected since the country also maintains reserves in coal, diesel and renewable energy. Israel's Oil Refineries ( opens new tab in Haifa was hit by an Iranian missile this week, which killed three people and halted operations. Cohen said he hoped the facility would resume operations within a month, though a second refinery in the south remains open. Since Friday, the percentage of renewable, or solar, energy used in electricity production has more than doubled to some 40%, Cohen said. There was also some damage to wastewater treatment facilities and pipelines from Iranian air strikes. Cohen acknowledged that victory against Iran could take weeks but Israel's energy demands could be met. "Although the Iranians struck some of our plants, we have very strong energy facilities that can supply all the energy demands for Israeli citizens and the army, in fuel, gas, electricity and water."
