Delek Drilling and Noble Energy negotiate for usage rights of the East Mediterranean Gas Pipeline

Last updated: March 7, 2018 11:43 pm

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MEDITERRANEAN SEA, ISRAEL - FEBRUARY 2013: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel. The offshore Tamar drilling site which was originally dispatched from a shipyard in Texas at the end of last year is due to start producing natural gas next week. Over the past few years Israel has suffered from a shortage in natural gas, but with the new platform that weighs 34,000 tons and will be mainly operated by Israelis, the US company Nobel Energy which owns a 36% stake in Tamar, hopes to change Israel's energy situation as well as the economy as a whole. (Photo Photo by Albatross via Getty Images)

Delek Drilling and Noble Energy, the operators of Israel’s largest natural gas fields Tamar and Leviathan, are currently negotiating to receive the usage rights of the East Mediterranean Gas Pipeline to export natural gas to Egypt, Reuters reported on Wednesday.

Both companies did not reveal further details.

In February, the two companies announced two 10-year agreements, worth $15bn, to export Israeli natural gas to Egypt signed with Egyptian company Dolphinus Holdings.

At the time Osama Kamal, an oil and gas industry expert and former petroleum minister, told Daily News Egypt that these imports were demanded by the foreign partners operating in Egyptian and Israeli fields, and Egyptian LNG plants in Idku and Damietta looking to operate and make use of those LNG plants for re-exporting gas from Eastern Mediterranean fields.

TAGGED:Delek Drilling and Noble Energy gas pipeline

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By Mohamed Samir

Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/