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Israeli gas exports to Egypt to increase to 85.3 bcm over 15 years

“Israeli gas exports to Egypt to remarkably increase by 21.3bn cubic meters (bcm) (751.98bn cubic feet) to record a total of 85.3 bcm over 15 years, Delek Drilling and Noble Energy announced on Wednesday” writes Mohamed Samir for dailynewssegypt.com. While exports from the nearby Tamar field will be reduced to 25.3 bcm from 32 bcm over the same period.In 2018, two 10-year agreements worth $15bn to export Israeli natural gas to Egypt were signed.According to the agreement, gas exports from Leviathan will start on 1 January 2020, and will continue until 31 December 2034 or until the supply of the full contractual quantities of gas.The agreements between Delek Drilling and Noble Energy—the operators of Israel’s largest natural gas fields Tamar and Leviathan—and the Egyptian company Dolphinus Holdings, to supply Egypt with 64 bcm of gas.
 
Source: dailynewssegypt.com



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