Maintenance work at the Israeli Tamar gas reservoir cut daily gas flows from Israel to Egypt by about one-third for a period of 12 days, according to sources in Cairo.
Egypt did not wait and ordered two additional shipments of liquefied natural gas (LNG) beyond the 15 planned for the current month to maintain stability in the electricity sector and the industrial sector.
Local Egyptian gas production reaches 4.2 billion cubic feet per day compared to a demand of 6.2 billion cubic feet. In the third quarter of the current year, Egypt imported 52 LNG tankers, with the cost per tanker ranging between 54 and 57 million dollars.
In short, when the flow from Israel is temporarily cut, Egypt activates a rapid safety net to close the gap, but this again highlights its dependence on Israeli gas.