Globes: Delek, Noble Energy Finalizing Egypt Gas Deal

Senior Delek Group Ltd. and Noble Energy managers flew to Egypt yesterday to tie up the last loose ends in the deal for exporting gas from the Tamar field to Egyptian company Dolphinus Holdings. The Delek and Noble Energy representatives also discussed the possibility of exporting gas from the Aphrodite field in Cyprus to Egypt. The question now is which field will supply gas to Egypt first, Aphrodite, or Leviathan, also controlled by Delek and Noble Energy?

Last October, the partners in the Israeli Tamar gas field signed a non-binding memorandum of understanding for the export of up to 2.5 BCM (billion cubic meters) of surplus natural gas annually from Israel to private Egyptian industrial customers, via Dolphinus Holdings. The partners undertook to supply a minimum of five BCM over three years. MORE