Delek, Noble Energy Announce $15 Billion Natural Gas Export Deal to Egypt
Majority owners of natural gas fields off Israel’s coast sign deal to provide Egypt’s Dolphinus Holdings with 64 billion cubic meters of gas over 10 years
Lior Gutman | 17:46 19.02.2018
Tel Aviv-listed gas company Delek Group and Texas-based Noble Energy, Inc., the majority holders of two of Israel’s largest natural gas fields, Leviathan and Tamar, signed agreements to sell $15 billion worth of natural gas to Egypt, Delek said in a regulatory filing on Monday.
The gas is intended to be sold to private, commercial and industrial consumers in Egypt, the statement said.In the filling, the company noted that it is examining various transportation options for the gas including using the Jordanian-Israeli pipeline, currently under construction, or the existing Arish–Ashkelon pipeline owned by East Mediterranean Gas Company SAE.