Monday, May 16, 2022

Israel ramping up gas output, looks to help supply Europe - REUTERS

May 17, 2022, 4:52 PM GMT+8
Ari Rabinovitch

HAIFA, Israel, May 16 (Reuters) - Israel is boosting offshore natural gas output and aims to reach a supply agreement with Europe in the coming months as the continent looks to replace Russian supply.

The country is on track in the next few years to double production to about 40 billion cubic metres (bcm) from about 20 bcm as it expands current projects and brings new fields online, industry officials say.

Israel currently supplies its own market and through a local network of pipelines exports to neighbours Egypt and Jordan, while much of the additional gas is earmarked for Europe.