New Europe: Egypt slated to get Israeli natural gas

US company Noble Energy and Israel’s Delek Group, which are in control of one of the largest natural gas basins off the coast of Israel - the Tamar field - announced their intention to sign an export deal with Egypt.

The two partners managing the 282-billion cubic metre Tamar said on October 19 that they’re negotiating the sale of at least 2.5 billion cubic metres of natural gas per year over the next three years with Egyptian buyer Dolphinus Holdings Ltd.

Gas from Tamar would run through a pipeline system managed by Israel Gas lines to Ashkelon and then through a system managed by East Mediterranean Gas Ltd. for marketing to customers in Egypt.

The move looks to revitalise Egypt’s East Mediterranean Gas Company pipeline, which in 2008 began supplying Israel with about 40% of its natural gas provisions, until saboteurs began thwarting the flow through Sinai pipeline explosions.
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