Nathan Schmidt / Bethlehem
Israeli gas fields in the Mediterranean will soon be providing gas exports to Egypt as a part of a 10-year, $15 billion deal announced on Monday.
Israeli gas excavation companies Delek Drilling and Noble Energy will export roughly seven-billion cubic-meters of gas annually from drilling platforms in the Mediterranean, namely the Leviathan and Tamar gas fields, to Egyptian Company Dolphin Energy for the duration of the deal.
In a public statement posted online, Israeli Prime Minister Benjamin Netanyahu praised the deal, adding that it would strengthen security, economy, and regional relationships.
Some have criticised the deal as being merely symbolic. As of yet, there are no plans for means of exportatio…
Read the full article at: http://english.pnn.ps/2018/02/20/egypt-israel-sign-gas-export-deal-for-15-billion/
