Increase in Egypt's Gas Imports from Leviathan Field

Natural gas exports from the Israeli Leviathan offshore field to Egypt jumped 28% in 2023 to 6.3 billion cubic meters, Asharq Business reported, citing data from NewMed Energy firm.

The partners in the Leviathan field, namely Chevron and Ratio Energies, will invest US$568 million to develop the field, which will raise its production capacity from 12 billion cubic meters annually to 14 billion cubic meters starting the second half (H2) of 2025.