Key insights
- Israeli natural gas exports to Egypt have returned to pre-war levels, with production resuming at the Leviathan and Tamar gas fields. This alleviates concerns about energy supply disruptions in the region. The impact on US equities is slightly negative, as reduced geopolitical risk in energy markets can marginally decrease demand for US LNG exports.
Investing.com -- Israel’s natural gas exports to Egypt have returned to normal levels following the resumption of production at its largest gas field, Bloomberg reported on Monday.
Supplies from Israel’s Leviathan and Tamar gas fields restarted on Saturday and have reached their typical level of around 1.1 billion cubic feet per day, according to the report.
Israel had cut gas flows to Egypt after the Iran war caused a temporary shutdown of some fields. Egypt responded to the shortfall by expediting LNG shipments it contracted in mega deals last year.
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