Oil Egypt accountACCOUNT King Tut

Egyptian Company to Start Gas Imports from Israel Next Year

Source: Reuters 8/5/2018, Location: Egypt

Share |
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said, under agreements signed in February to buy $15 billion worth of gas over 10 years.

“Imports will start in small quantities first and will gradually increase to reach their climax in September 2019,” one source told Reuters. The source gave no details on prices or quantities.

Partners in Israel’s Tamar and Leviathan offshore gas fields said in February they would supply the private Egyptian company Dolphinus Holdings with around 64 billion cubic metres of gas over a decade. Half will come from each field, and the proceeds will be split equally, they said. No date was set for the start of exports.

The deal has stirred controversy in Egypt, which until a few years ago exported gas to Israel.

Egypt hopes the imports will help in its efforts to become a regional energy hub.

Egypt >>  12/3/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with the Spanish Ambassador to Egypt, Ramon Gil-Casares, ways of boosting ...
Egypt >>  11/24/2018 - Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in ...

Egypt >>  11/19/2018 - Petroleum Minister Tareq el Mulla had talks with US Assistant State Secretary for Energy Resources Francis R. Fannon on means of promoting cooperation...
Egypt >>  11/19/2018 - TransGlobe Energy Corporation announces the test results for the South Ghazalat 6X oil discovery. As announced on November 8th, 2018, the Company dril...

Egypt >>  11/14/2018 - Indorama Ventures Public Company Limited (IVL) has completed the acquisition of 74% of the share capital of Medco Plast for Packing and Packaging Syst...
Egypt >>  9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partner’s oil and gas revenues of ...

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us