Chevron, Israeli pipeline operator to kickstart new gas pipeline to Egypt
- Nitzana to carry 600 MMft3d from Leviathan gas field
- Part of bigger effort to increase Israeli gas exports to Egypt
- Nitzana to bring Israel-Egypt exports to 2.2 Bft3d
Chevron has signed a deal with state-owned pipeline operator Israel Natural Gas Lines to kickstart construction of the Nitzana natural gas pipeline to transport gas from the Leviathan gas field to Egypt, the U.S. company said on Tuesday.
Nitzana would ease an energy crisis in Egypt, which has spent billions of dollars on importing liquefied natural gas (LNG) and is part of a concerted effort to boost Israeli gas exports to the Arab world's most populous nation.
Last month, the owners of the Leviathan natural gas field off Israel signed a $35-B export deal to supply gas to Egypt (learn more). Leviathan, owned by NewMed, Chevron and Ratio Energies, holds gas reserves of some 600 Bm3.
The Nitzana pipeline route will transport around 600 MMft3d of natural gas once construction finishes in about three years, Chevron said, adding this would bring Israel's total export capacity to Egypt to more than 2.2 Bft3d.
Gas producer Energean has said it plans to send up to 2 Bft3y of gas on Nitzana from its Katlan field offshore Israel, due to start production in 2027.
The plan was announced on the same day a United Nations Commission of Inquiry concluded that Israel had committed genocide in Gaza. Israel called the assessment "scandalous" and "fake."
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