*Israel gas output increased for the fifth consecutive year to post a new annual record of 2.614bn cfd for 2024, up 10% year-on-year, according to data obtained by MEES. Output from US major Chevron’s two key fields, the 23tcf Leviathan and 14tcf Tamar, was up 3% at 1.094bn cfd and 10% at 973mn cfd respectively.
*Both fields supply the domestic market and also export gas to Jordan and Egypt. Egypt’s imports of Israeli gas surged by 18% year-on-year to a record 981mn cfd for 2024, with record monthly volumes of 1.065bn cfd in April and December (MEES, 17 January). This came as Egypt looked to hoover up as much gas as possible amid a domestic gas output crunch: 2024 also saw seven-year high LNG imports of 2.78mn tons (MEES, 10 January). (CONTINUED - 689 WORDS)
