Back to the complete issue
Monday, 1 June 2020

Israel’s Leviathan gas field back online after temporary closure last week

Israel’s Leviathan gas field back online after temporary closure last week: Israel’s offshore Leviathan natural gas field which supplies Egypt has resumed production after an emergency shutdown, its Texas-based operator Noble Energy said last Saturday, Reuters reports. Israel’s Energy Ministry initially reported an emergency closure after the platform’s flare system was activated but later said it was a false alarm triggered by the failure of a gas detector. The report does not say for how long or to what extent the shutdown affected supplies to Egypt.

Background: Israel began pumping natural gas to Egypt at the top of the year, after a landmark USD 19.5 bn agreement signed in 2018 between Alaa Arafa’s Dolphinus Holding and the operators of Israel’s Delek Drilling and Noble, which will see Israel ship more than 85 bcm of gas to Egypt over the next 15 years. Leviathan, owned by Delek Drilling and Israel’s Ratio Oil, is one of two fields which supply Egypt and Jordan. It became operational at the end of last year.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.