Directional impact on forecast:
Upbeat for Israel’s gas production and exports
Israel’s efforts to commercialise its gas resources are gathering pace as startup nears for the Leviathan project. However, there are technical, commercial and geopolitical challenges remaining. Although the developers of Leviathan see the Egyptian market as a potential destination for their gas, it is not a foregone conclusion that Egypt will take Israeli volumes.
Leviathan is expected to start commercial production by the end of 2019, and Israel will need a way to...