It would be nice to see Egypt and Israel get real close when it comes to doing business and cooperating with each other.
Israeli field may supply gas to Egyptian facility
Delek Drilling is in negotiations with British company BG for deal estimated at $30 billion
BY AP June 30, 2014
4:00 am 0Email Print Share An aerial view of an Israeli offshore gas rig (photo credit: Albatross Aerial photography/Noble Energy/Flash90/File)NEWSROOMEmail the Newsroom Facebook TwitterRELATED TOPICSLEVIATHAN GAS FIELD EGYPT-ISRAEL GAS PIPELINE NATURAL GAS IN ISRAEL
One of the developers of a natural gas field off Israels Mediterranean coast on Sunday said it has signed a letter of intent to provide gas to a facility in Egypt.
Delek Drilling said it is negotiating a deal to provide seven billion cubic meters of natural gas from the offshore Leviathan gas field to British company BGs plant in Idku, Egypt, through an underwater pipeline annually for 15 years.
An industry official familiar with the deal said it could be valued at about $30 billion which would be the largest energy deal in Israels history. He spoke on condition of anonymity because he was not authorized to comment on the deal.
Until recently, Egypt provided natural gas to Israel. But following the ouster of President Hosni Mubarak in 2011, supplies were disrupted and eventually halted.
Read more:
Israeli field may supply gas to Egyptian facility | The Times of Israel
Israeli field may supply gas to Egyptian facility
Delek Drilling is in negotiations with British company BG for deal estimated at $30 billion
BY AP June 30, 2014
4:00 am 0Email Print Share An aerial view of an Israeli offshore gas rig (photo credit: Albatross Aerial photography/Noble Energy/Flash90/File)NEWSROOMEmail the Newsroom Facebook TwitterRELATED TOPICSLEVIATHAN GAS FIELD EGYPT-ISRAEL GAS PIPELINE NATURAL GAS IN ISRAEL
One of the developers of a natural gas field off Israels Mediterranean coast on Sunday said it has signed a letter of intent to provide gas to a facility in Egypt.
Delek Drilling said it is negotiating a deal to provide seven billion cubic meters of natural gas from the offshore Leviathan gas field to British company BGs plant in Idku, Egypt, through an underwater pipeline annually for 15 years.
An industry official familiar with the deal said it could be valued at about $30 billion which would be the largest energy deal in Israels history. He spoke on condition of anonymity because he was not authorized to comment on the deal.
Until recently, Egypt provided natural gas to Israel. But following the ouster of President Hosni Mubarak in 2011, supplies were disrupted and eventually halted.
Read more:
Israeli field may supply gas to Egyptian facility | The Times of Israel