Israel’s Cabinet Approved Expansion of Gas Pipeline to Egypt

SEATTLE (Oil Monster): The Israeli cabinet gave approval to the proposal to expand infrastructure to boost natural gas supply to Egypt.

According to the plan, it will bring to fruition an integrated infrastructure corridor, which will comprise of infrastructure facilities between Ashalim and Nitsana and a new pipeline between Ramat Hovav and Nitsana. The project, promoted by the Israel Natural Gas Lines Co. (INGL), will be implemented with the support of the Ministry of National Infrastructures, Energy and Water Resources.

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The new pipeline section will enhance the infrastructure for exporting natural gas from Israel to Egypt. This will not only provide big boost to the potential volume of natural gas exports to Egypt, but also increase the options for alternative export path for exporting gas from Egypt to European countries, especially in the wake of constraints on account of Russian invasion of Ukraine.

The new 65-kilometere long pipeline will lead to exports of additional six billion cubic meters (BCM) of natural gas to Egypt. This will boost INGL’s revenue by NIS 200 million per annum.

Israel Katz, Minister of National Infrastructures, Energy and Water Resources said that the pipeline will increase the co-operation between Israel and Egypt in the field of natural gas.