East Med Gaza crisis tightens regional gas balances

This paper lays out Israel’s gas balance, and considers potential direct and indirect impacts and wider implications of disruptions to gas production and flows from the Gaza crisis. Impacts already extend beyond the Israeli gas market itself to Egypt. More widely, it raises questions over whether the European Union (EU) will be able to rely on any gas from the East Mediterranean to help replace Russian volumes lost since Moscow’s invasion of Ukraine. Finally, it also clouds the overall investment climate for gas production and infrastructure expansion in the region. Additional reading: for an excellent source on European gas imports […]

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