Testing of the EMG offshore gas pipeline is near-complete but significant Israel-to-Egypt volumes await the late-2019 start-up of key Leviathan field. With Israel gas grid constraints then set to cap shipments, the Leviathan partners plan additional shipments via the ‘Arab Gas Pipeline’ in a move sure to raise geopolitical eyebrows.

Israeli state power firm IEC has agreed to accept a knockdown $500mn in damages for Cairo’s unilateral halting of Egyptian piped gas supplies...