Last year was a record one for Israel’s gas output and exports despite a Covid-related Q2 demand collapse in both Israel and key export market Jordan. For Egypt, which began to receive Israeli gas from the start of 2020, volumes remained low until mid-year due to both technical issues and scant demand for additional gas given a surplus of domestic supplies.
Despite the Q2 slump, demand recovered strongly in Q3 and stayed high for the remainder of the year. This boosted Israel’s output to an annual record 1.496bn cfd for 2020 as a whole, up 46% on 2019 but still less than two thirds of 2.4bn cfd capacity (see chart 1). (CONTINUED - 1395 WORDS)