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
5 September 2024
The 20th century’s two global conflicts made clear the geopolitical importance of oil, while Russia and Saudi Arabia joined the US as hydrocarbons superpowers
5 September 2024
In the second part of our history of oil special on the ascent of the US, Russia and Saudi Arabia, we examine the early years of the age of oil
5 September 2024
In this first part of the first chapter of our 90th anniversary special on the history of oil, we look at oil’s humble beginnings and the start of its rise to prominence
2 September 2024
The island nation plans to phase out nuclear energy and substitute coal for gas, but must first overcome import capacity constraints
