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East Mediterranean gas: Israel’s only growth market is Egypt?

The paper’s main conclusion is that with Israel’s domestic market fully supplied, Israel’s only growth market opportunity (beyond Jordan, a small market now mostly supplied by Israel) for its gas surplus at the moment is Egypt. The base case projection sees Israel’s gas surplus available for export nearly double from 11.6 Bcm in 2023 to 20 Bcm by 2028. The purpose of this paper is to lay out the gas supply /demand fundamentals of the East Med, to establish a gas baseline and identify where the main flows, supply/demand bottlenecks and issues lie. Source: OIES

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