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Sunday, 22 December 2019

Israel's Leviathan online tomorrow, securing gas exports to Egypt next month

Israel's Leviathan field to come online tomorrow, securing shipments to Egypt next month: Environmental concerns that have threatened natural gas shipments from Israel’s Leviathan field to Egypt have been cleared after an Israeli court lifted an injunction it had issued last week, reports Reuters. The Israeli Energy Ministry gave its final approval to begin production from the field tomorrow following a statement by the Jerusalem District Court noting that disgruntled environmental activists and municipalities have failed to prove to an appellate body that the field’s emissions will be significant enough during the start-up phase.

Background: The Israeli government greenlit gas exports to Egypt last week, putting the first gas shipments on course to arrive in 2020 under the USD 19.5 bn gas purchase agreement signed by Alaa Arafa’s Delphinus with Texas-based Noble Energy and Israel’s Delek Drilling. Leviathan is located 120 km off Israel’s coast, but it’s production platform is built only 10 km ashore, prompting environmental concerns.

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