Israel will export more natural gas to Egypt from its Tamar field in the Mediterranean, a decision that will increase national revenue and strengthen ties with its neighbor, according to Israeli Energy Minister Israel Katz.
The new export permit is for 3.5 billion cubic meters per year for about 11 years, or 38.7 bcm, with an option to increase the total to 44 bcm depending on future production, the ministry said in a statement. The original export request was for 60 bcm.
Even with the increased exports, the gas produced should still be enough to last the local market through 2048, the ministry said.
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