The Energy Sector, Competition and Security in the Eastern Mediterranean

... allowed Cairo to break the vicious circle of its dependence on imports and to cover its own demand for gas. Egypt now produces about 311 million cubic meters of gas and 700,000 barrels of oil daily (from the deposits in the Western Desert adjacent to Libya). However, in January 2020, gas production also started on Leviathan, the largest field in the Levant Basin located on Israel’s stretch of the shelf, and this marked the start of deliveries of Leviathan-produced gas to Egypt. Noble Energy, which develops Leviathan, contracted to deliver gas to Egypt back in 2018. Noble Energy purchased 10% of Eastern Mediterranean Gas Company, which owns the gas pipeline running from Ashkelon in Israel to El-Arish in Egypt (about 90 ...