Israeli Prime Minister Benjamin Netanyahu and Energy Minister Yuval Steinitz during the inauguration of the Leviathan natural gas field
Egypt-Israel gas deal expands in scope
Gas-rich Egypt may need regional supply to meet growing domestic demand and export aspirations in the medium-to-long-term
Israeli producer Delek and US independent Noble Energy—lead developers of Israel’s two largest offshore gas finds—agreed in early October with Dolphinus Holdings, an Egyptian conglomerate, to increase by a third the total volume of gas to be supplied under an accord signed in February last year. The partners also revealed that the Israeli regulator had approved their acquisition of a 39pc stake in East Mediterranean Gas (EMG), owner of an existing pipeline between the neighbours built in the last decade to send Egyptian gas to Israel. The pipeline will now deliver gas in the opposite direction. Delek and Noble initially agreed to sell a total of 64bn m³ over 10 years from the 21.4tn ft³ Lev
Also in this section
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays
26 June 2025
While oil prices will determine the trajectory of the key US shale patch, regulation and technological shifts are also likely to shape direction longer term
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
25 June 2025
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
