Israel Aims to Expand Gas Export Market

Israel intensifies efforts to increase gas exports

Growing demand for gas throughout Europe and worldwide following the outbreak of the war between Russia and Ukraine has created a limited window of opportunity to export gas from the Middle East to Europe as well as to other countries like India and China.

In this situation, the governments of Israel, Egypt, Cyprus and Greece are striving to speed up handling the issue, and have formulated several different courses of action. Among other things, the governments intend building a new pipeline system that will carry gas from Israel and Cyprus to the liquefaction facilities in Egypt (which will also use the gas for domestic needs), building a liquefaction facility on the eastern shores of Cyprus, build a floating liquefaction facility as part of the expansion of the Leviathan field, and export gas to Europe using tankers.

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