Gulf Oil and Gas accountACCOUNT

Natural gas pumping from Israel to Egypt to start on Wednesday

Source: Ahram Online 1/15/2020, Location: Africa

Natural gas pumping from Israel to Egypt will start on Wednesday, the Egyptian ministry of petroleum announced in a statement early on Wednesday.

The ministry added that this step is an important development that serves both countries economic interests, and it will enable Israel to transport its natural gas to Europe through Egyptian liquefied natural gas factories.

Under the landmark deal, a private firm in Egypt, Dolphinus Holdings, will purchase 85 billion cubic meters (bcm) of gas, worth an estimated $19.5 billion, from Israel’s Leviathan and Tamar offshore fields over 15 years.

Yossi Abu, CEO of Israel’s Delek Drilling, one of the partners in Leviathan and Tamar, said the arrangement “marks a new era in the Middle East energy sector”. The gas is being supplied via a subsea pipeline connecting Israel and Egypt’s Sinai peninsula.

Israeli officials have called the export of gas the most significant deal to emerge since the countries signed a historic peace treaty in 1979.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Natural Gas News in Egypt >>

Qatar >>  2/28/2021 - Qatargas Operating Company Limited (Qatargas) has delivered a liquefied natural gas (LNG) cargo aboard a Q-Flex vessel to India's Ennore LNG receiving...
Pakistan >>  2/26/2021 - Qatar Petroleum entered into a new long-term Sale and Purchase Agreement (SPA) with Pakistan State Oil Company Limited (PSO)for the supply of up to 3 ...

China >>  2/25/2021 - PAO NOVATEK (“NOVATEK”) announced that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Shenergy Group signed a long-term LNG Sale...
Bangladesh >>  2/22/2021 - Qatar Petroleum entered into a long term Sale and Purchase Agreement (SPA) with Vitol for the supply of 1.25 million tons per annum (MTPA) of liquefie...

Singapore >>  2/22/2021 - Pavilion Energy Trading & Supply Pte. Ltd.(Pavilion Energy) and Chevron U.S.A. Inc (Singapore Branch) (Chevron) have signed a six-year LNG sale and pu...
United States >>  2/22/2021 - Global law firm Norton Rose Fulbright has advised Pavilion Energy Trading & Supply Pte. Ltd. (“Pavilion Energy”), a wholly-owned subsidiary of Pavilio...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.