The Geopolitical Ripple Effect of Israel’s Natural Gas Exports

The development of Israel’s giant Tamar and Leviathan natural gas fields has markedly shifted the regional gas market’s geopolitical dynamics. Israel’s transformation from a gas importer to an exporter has notably impacted its relationships with neighbouring Jordan and Egypt. Israeli exports have been pivotal for Egyptian LNG exports, compensating for Egypt’s declining indigenous gas availability. Jordan, once reliant on LNG imports, cut its LNG procurement, given its access to stable Israeli pipeline supplies. In 2022 alone, according to CEDIGAZ database, Israel’s gas exports reached 2.9 billion cubic meters (bcm) to Jordan and 6.5 bcm to Egypt, contributing to the easing of the global LNG market strain. Looking ahead, Israel aspires to broaden its gas export footprint, potentially through global LNG exports or a pipeline to Europe.

Could Russian pipeline gas return to Europe?

An analysis of EU-Russian Long-Term Gas Contracts

The European Union’s ambitious plans to cut Russian gas from its energy mix by 2027, following the aggression of Ukraine, have stirred significant uncertainty around the future of long-term gas supply contracts with Russia’s state-owned Gazprom.

According to the Cedigaz database on long-term pipeline contracts, more than 100 billion cubic meters of gas are tied up in agreements between Gazprom and European buyers, most not expiring before 2030 to 2035.

This begs a pivotal question: could Russian pipeline gas flow back to Europe under these contracts?

Towards European Shores: A Continuation of LNG Market Trends in Gas Year 2022-2023

LNG market report: 3rd Quarter 2023 and Gas Year 2022-2023

The 2022-2023 Gas Year that ended on September 30, showed a continuation of the main trends that emerged in 2021-2022. These developments are detailed in the latest CEDIGAZ LNG market report.