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Israel starts exporting natural gas to Egypt

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Christian Fernsby ▼ | January 15, 2020
Israel began exporting natural gas to Egypt on today.
Dolphinus Holdings
Energy in Africa   Dolphinus Holdings
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.

Topics: Israel gas Egypt

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.


 

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