Gas Processing News

Egyptian firm to buy $15 B of Israeli natural gas An Egyptian company will buy $15 B of Israeli natural gas, as announced in two 10-yr agreements, a major deal that Israel hopes will strengthen diplomatic ties. The partners in Israel’s Tamar and Leviathan offshore gas fields said they would supply the private Egyptian firm Dolphinus Holdings with around 64 Bm3 of gas over a decade. Half of the supply will come from each field, and the proceeds will be shared equally. Israel’s Prime Minister, Benjamin Netanyahu, said the agreements would “…strengthen our economy (and) strengthen regional ties.” Israel’s energy minister, Yuval Steinitz, called it the most significant export deal with Egypt