Egypt’s imports of Israeli natural gas increased by approximately 5% in August to about 890 million cubic feet per day. The daily inflows were around 850 million cubic feet at the beginning of July and rose to nearly 875 million cubic feet by the end of the same month. It is expected that imports will increase in the coming weeks to between 920 and 950 million cubic feet per day, depending on coordination between the two parties.

Egyptian LNG facilities are capable of receiving more gas imports to meet domestic demand, especially given the increased consumption by Egyptian power plants during the summer months. Egypt has two LNG plants: one in Idku, owned by the Egyptian LNG company with two liquefaction units capable of processing up to 1.35 billion cubic feet per day, and another in Damietta, owned by Italian company Eni, EGAS, and the Egyptian Petroleum Authority, which has a single unit with a capacity of about 750 million cubic feet per day.

Egypt’s gas production ranges between 4.8 and 5 billion cubic feet per day, all directed to the local market to meet local consumption, particularly in the electricity sector and fertilizer factories. The Egyptian Petroleum Ministry has imported about 10 LNG shipments through international companies, which were “regasified” by the “Höegh Galleon” LNG regasification vessel in Ain Sokhna and then injected into the national gas network. Egypt began importing gas from Israel for the first time in 2020 under a $15 billion deal between Noble Energy, acquired by Chevron in 2020, and Delek Drilling on one side, and the Egyptian Dolphinus Holdings Company on the other.