Israel’s Tamar rig supplies natural gas to Israel and Egypt but shut down after Hamas attacked the country. But Israel is expected to be able to get its power supply from other sources.
Meanwhile, Gaza is running out of power amid Israeli strikes.
The shutdown of the Israeli gas rig may reverberate beyond Israel.
“The most direct current implication is for Egypt,” Brenda Shaffer, an energy policy specialist at the U.S. Naval Postgraduate School, told The Hill.
Amit Mor, an energy consultant and lecturer at Israel’s Reichman University, told The Hill that in the past several months, Egypt’s liquified natural gas exports have “decreased because of the shortage of gas in the domestic market.”
The sudden loss of a critical gas supply from Tamar could increase existing strain on Egypt’s gas supplies and further jeopardize its export capabilities, including to Europe, he added.
Read more from our colleague Sharon Udasin at TheHill.com.