27 Jun 2025 Issue: 68 / 26 By: Peter Stevenson
When Israel’s Leviathan and Karish fields came back online this week Egypt and Jordan breathed a sigh of relief. Egypt’s gas output continues to fall, albeit at a slower rate, as it awaits the start-up of new wells.
Egyptian and Jordanian industrial plants largely ground to a halt during Israel and Iran’s 12-day war. With key Israeli piped gas imports to both nations halted, Cairo and Amman prioritized gas for power over industry (MEES, 20 June). The 24 June ceasefire enabled a swift restart of the 1.1bn cfd offshore Leviathan field, operated by US major Chevron (39.66%), and London-listed Energean’s 500mn cfd Karish field. Exports have already begun with industrial users receiving gas, alleviating any fears of a prolonged gas shortage for both nations.
“Following the change in security circumstances and after a situation assessment was conducted with the relevant security bodies, Minister of Energy and Infrastructure Eli Cohen instructed the reopening of the Karish and Leviathan natural gas platforms,” the Israeli Energy Ministry said in a statement on 25 June. (CONTINUED – 1738 WORDS)
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IN THIS ARTICLE
Charts
1: Gas Consumption Jumped 16% To 6.2bn cfd For April As The Output Slump Continues Widening Egypt’s Gas Deficit To A Record 2.0bn cfd For April (mn cfd)
2: Egypt Gas Consumption Jumped 16% Month-On-Month To Post Highest April On Record (bn cfd)
3. Gas For Power Remained Suppressed At 3.03bn And The Lowest April Since 2020 (bn cfd)
4: Egypt Fuel Oil Burn Dipped To 65,000 b/d For April But Is Generally Trending Up In 2025 As Cairo Displaces Gas Burn For Power (‘000 b/d)
5. Egypt Gas Output Fall Shows Signs Of Slowing. April Output Averaged 4.22bn cfd
REFERENCED MEES ARTICLES
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