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  • Israel’s launch of first pipeline gas deliveries from the Leviathan field to Egypt, while politically momentous, has less economic justification.
  • The move will strengthen Egypt’s LNG plans, but competition among East Med gas export ambitions will persist with no project expected to emerge a clear winner at this time.
  • The viability of any regional gas export project remains in question due to concerns about project economics, geopolitical tensions, and shifting market, climate and demand contexts.
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