Israel resumes regular LNG supplies to Egypt — Bloomberg

According to Bloomberg, Israel has resumed its supply of liquefied natural gas (LNG) to Egypt, following a partial resolution of the Middle East conflict. Facilities that were shut down during the 12-day standoff have restarted operations due to the ongoing truce.

Citing anonymous sources, the agency reports that Israeli gas exports to Egypt have increased to 1 billion cubic feet per day. This marks a rise of 260 million cubic feet compared to the figure recorded last Wednesday, when production at the Leviathan field was restored.

The surge in supplies has enabled several Egyptian factories, previously halted due to natural gas shortages, to resume operations. For Cairo, which transitioned from a net exporter to a net importer of natural gas in recent years, this development provides significant relief, Bloomberg experts highlight.

As the agency notes, on June 13, Egypt began seeking alternative fuels and switched several power plants to diesel and heating oil to sustain electricity generation amid geopolitical tensions.