Egyptian gas not expected to return soon

Working assumption among players in energy sector in Israel that natural gas supply will not resume shortly, CEO at Eco Energy consulting firm tells 'Post.'

By
July 17, 2011 02:44
1 minute read.
Gas pipeline explosion [illustrative]

gas pipeline 311 R. (photo credit: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Following the fourth gas explosion to hit the Egyptian pipeline in five months on Tuesday, experts have agreed that the resumption of the natural gas flow will not be quick this time, as the damage was quite severe.

An official from the Egyptian gas company GasCo told Egyptian newspaper Al-Mesryoon that while the explosion will not affect the gas flow to the city of el-Arish, the blast has “resulted in substantial material damage” on the portion of the line that transports gas to Israel, and will “take a long time” to repair.

Be the first to know - Join our Facebook page.


Yet despite the expectedly lengthy cease in supply, analysts say Israel will get through the period – as in the previous lapse periods – by using more expensive and polluting fuels as alternatives to Egyptian gas.

“I think that what is the working assumption among the players in the energy sector in Israel, including the government, major gas consumers and competing gas suppliers is that natural gas supply from Egypt to Israel will not resume shortly,” Amit Mor, CEO and energy specialist at the Herzliya Pituach-based Eco Energy consulting firm, told The Jerusalem Post on Thursday.

“I think that the policy makers in the energy sector should plan alternatives for Egyptian gas in fuel supplies for power generation and industrial users.

Although supply of Egyptian gas is important to Israel for economic and environmental reasons, the country will manage without that gas, but with the burden of higher electricity tariffs and environmental costs.”

Such environmental costs, he explained, will include the consumption of millions of extra tons of more expensive and environmentally harmful substances, like diesel and heavy fuel oil.

JPOST VIDEOS THAT MIGHT INTEREST YOU:


“But I believe that the country will manage to pass the critical two years until the gas from the Tamar field, [currently under development by Noble Energy in the US and its Israeli partners] will reach the market,” he said.

“It is a challenge of the fragile Egyptian government to gain civil and military control over Sinai, this is crucial to Israel, especially to the huge smuggling of ammunition from Egypt to the Gaza Strip," he continued.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Holland Park’s forest, north of Eilat.
August 11, 2014
Promising trend of prosecution for environmental crimes, officials say

By SHARON UDASIN