The Olam
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Energy Corridors

The Eastern Mediterranean gas economy and its export architecture — fields, pipelines, contracts, regulators, counterparties.

10 articlesUpdated May 26, 2026
NewMed Energy Pushes to Reopen Karish Gas Terms as Shekel Strengthens Against the Dollar
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NewMed Energy Pushes to Reopen Karish Gas Terms as Shekel Strengthens Against the Dollar

NewMed Energy wants its gas-export framework adjusted before further export commitments lock in under outdated currency assumptions.

What this pillar covers

The Eastern Mediterranean gas economy and its export architecture. Leviathan, Tamar, and Karish as producing fields; the pipeline and LNG routes to Egypt and Jordan; the Israel–Greece–Cyprus EastMed framework and what survives of it after the 2024–2026 reorganisation; the regulatory layer at the Ministry of Energy and the Petroleum Commissioner; and the upstream investor cast — Chevron, NewMed Energy, Ratio, and the Egyptian and Jordanian counterparties.

Why it exists as its own pillar

Energy is the only Israeli export category that materially reorders regional balance-of-payments and security politics in the same move. Treating it as one sector inside Real Economy understates the structural weight. The pillar maps the corridor as a single system — fields, infrastructure, contracts, regulators, counterparties — rather than as discrete deals.

Standing reference architecture

  • Producing fields. Leviathan (Chevron-operated, NewMed and Ratio partners); Tamar (Chevron-operated); Karish (Energean).
  • Export infrastructure. The EMG pipeline to Egypt; the Arab Gas Pipeline tie-in for Jordan; the Idku and Damietta LNG trains that re-export Israeli gas as cargoes.
  • Frameworks. The Israel–Egypt and Israel–Jordan supply agreements; the EastMed Gas Forum; the now-shelved EastMed pipeline proposal.
  • Regulators and operators. The Ministry of Energy's Natural Gas Authority, the Petroleum Commissioner, INGL (the transmission operator).

What recurring research lives here

Quarterly export volume and pricing series; annual reserves and lifting cost; the contract calendar for the Egyptian and Jordanian offtake; regulatory filings at the Ministry of Energy; the EMG and Arab Gas Pipeline operational status; the Chevron–NewMed posture; the reorganisation of EastMed proposals around the Cyprus interconnector and the Greek LNG terminals.

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