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Israeli gas company inks 15-billion-dollar export deal with Egypt

Israel
19.02.2018
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Tel Aviv (dpa) - Israeli gas company Delek Drilling announced a deal to export approximately 15 billion dollars‘ worth of natural gas to Egypt on Monday.

Delek Drilling along with US partner Noble Energy agreed to export 64 billion cubic metres of gas over 10 years to Egyptian company Dolphinus.

The deal, which comes amid warming Egyptian-Israeli ties, was praised by Israeli Prime Minister Benjamin Netanyahu and Delek as "historic." 

Obstacles remain to the agreement as a mechanism to transport the gas has not been determined.

Delek said the entire sum of gas must be transmitted to Egypt by 2030.

The natural gas will come from the Tamar and Leviathan reserves off of Israel‘s Mediterranean coast.

"The export deals establish Egypt‘s status as a regional energy centre which allows the supply of gas both to the Egyptian domestic market and for export, and allowing economic development of the Egyptian and the Israeli economies," Yossi Abu, chief executive of Delek Drilling, said.

 

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REISEPORTAL
"Israel" (Hebrew: מדינת ישראל "Medinat Yisra-el"; Arabic دولَة إِسرائيل "Dawlat Isrā"īl") is a small yet diverse Middle Eastern country with a long coastline on the eastern
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|arname=ديمونة|meaning=|founded=1955|type=city|typefrom=|stdHeb=|altOffSp=|altUnoSp=|district=south|population=33,600|popyear=2007|area_dunam=29877|pushpin_map=Israel|latd=31 |latm=4|longd=35 |longm=2|mayor=Meir Cohen}}Dimona is a centre for
|arname=صفد|meaning=Lookout (from the Hebrew root "tzafa")|founded=|type=city|typefrom=|stdHeb=Tzfat|altOffSp=Tsfat, Tzefat, Zfat, |district=north|population=28,500|popyear=2007|mayor=Ilan Shohat|pushpin_map=Israel north
|arname=ديمونة|meaning=|founded=1955|type=city|typefrom=|stdHeb=|altOffSp=|altUnoSp=|district=south|population=33,600|popyear=2007|area_dunam=29877|pushpin_map=Israel|latd=31 |latm=4|longd=35 |longm=2|mayor=Meir Cohen}}Dimona is a centre for
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