Israel Agrees to Increase Export to Egypt by 3.5 Bcm/Year Starting in 2026

The Israeli Ministry of Energy and Infrastructure has agreed to increase exports to Egypt from the Tamar reservoir by 3.5 bcm/year starting in 2026 for a period of 11 years. The offshore field is located 90 km west of Haifa in northern Israel. The expansion, which would boost the reservoirs output by 6 bcm (+60%), is currently awaiting a final investment decision by partners in the field), including Chevron (operator, 25%), together with Isramco (28.75%), Abu Dhabis Mubadala Energy (22%), Tamar Petroleum (16.75%), Dor Gas (4%) and Everest (3.5%).

It will be carried out by adding a third transmission line from the Tamar wells to the production rig, as well as upgrading the equipment in the production system. About a third of the increase in production capacity will be intended for the local market, and is expected to supply about 15-25% of the existing consumption of natural gas in the Israeli economy.