Growing natural gas deficit leads Egypt to ramp up natural gas imports

Summary

In August 2025, Egyptian firm Blue Ocean Energy struck a $35 billion deal with partners in the Chevron-operated Leviathan field offshore of Israel to import more natural gas from Israel, the latest move by Egypt to meet natural gas demand that is outpacing domestic production. In our latest update to the Eastern Mediterranean Energy briefing, we discuss the drivers behind Egypt's dwindling natural gas supply and analyze the natural gas dynamics in the region.