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First with the News

Israel Gas Exports To Egypt Resumes After Cease Fire Deal

May 24, 2021
in Top Stories, World
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Following a ceasefire agreement between Israel and Hamas, gas exports to Egypt via the EMG pipeline located offshore the Gaza Strip have resumed, Israeli gas producer Delek Drilling said over the weekend.
Recall, the recent conflict began on May 10, with rockets fired at Israeli cities from the Gaza Strip and the Israeli military carrying out air strikes in Gaza. Hamas also reportedly said it had targeted offshore gas installations.

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The violence saw operator Chevron shut in the Tamar platform, while exports to Egypt via the EMG pipeline were also suspended.

Delek is a partner together with Chevron at both Tamar and in the EMG pipeline.

Chevron said May 21 that it had been instructed by the Israeli energy ministry to restart Tamar, while Delek added May 23 that the flow of gas to Egypt had also now resumed.

“The cessation of production will not have a material effect on [Delek’s] revenues from the sale of gas in the second quarter of the year,” it said in a short statement.

It was not the first time that the Tamar platform — which is thought to be within the range of Palestinian rockets — had been shut in because of conflict in the region.

In May 2019, Israel decided to halt gas supplies from the platform after an increase in cross-border fighting between Palestinian militants and Israeli soldiers that lasted for three days.

Chevron operates Tamar with a 25% stake. Its partners are Delek Drilling (22%), Isramco (28.75%), Tamar Petroleum (16.75%), Dor Gas (4%) and Everest (3.5%).

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