On 7 July, Israel’s Ministry of Energy announced the completion of the long-awaited 46km Ashdod-Ashkelon offshore gas pipeline, and gas is already flowing through the new section. The IS1bn ($330mn) project removes a key bottleneck in Israel’s southern transmission network and will underpin higher gas exports to Egypt while strengthening the resilience of the domestic gas system.
The project comprises a 36-inch pipeline – a 42km offshore section and 4km onshore. It was financed jointly by the gas exporters (56.5%) – principally the partners at the 1.53bn cfd Leviathan and 1.6bn cfd Tamar gas fields (both operated by Chevron) – and transmission system operator Israel Natural Gas Lines (INGL), which funded the remaining 43.5% through transmission tariffs. (CONTINUED - 746 WORDS)
