In preparation for commencing the flow of natural gas from the Leviathan reservoir on Monday, December 16, 2019 Minister of Energy Yuval Steinitz has signed the permits required to export natural gas from Israel to Egypt
Steinitz: "Israel, for the first time in its history, has become an energy exporter - this is the most significant economic cooperation between Israel and Egypt since the peace treaty between the two states was signed."
The approvals were granted after all the professional procedures for examining the flow of natural gas were completed, approval from the Competition Authority was attained , and after consultation with the Committee on Economic Concentration and in accordance with its recommendation.
The export of natural gas coming out of the "Leviathan" and "Tamar" reservoirs is intended for the local economy in Egypt, or for the export of liquid natural gas through the liquefaction facilities located in Egypt.
The exportable permit is for a maximum quantity of 60 BCM from Leviathan and 25 BCM from Tamar for a period of 15 years. In addition, Minister Steinitz approved the transfer of control of the PRIMA license to EMG, and approved the instructions for using the PRIMA transmission system connecting Ashkelon and Al-Arish.
Minister of Energy Dr. Yuval Steinitz: "I have just signed a permit to export natural gas from Israel to Egypt. Thus, for the first time in its history, the State of Israel has become an energy exporter and an important partner in the regional energy economy. The export of gas to Egypt from the Leviathan and Tamar reservoirs is the most significant economic cooperation between Israel and Egypt since the peace treaty was signed between the two countries. This is an historic milestone for the State of Israel. The natural gas revolution makes us an energy superpower, providing, not only huge revenue for the state, but also a dramatic reduction in air pollution. "