Reuters: Israel's Tamar Group to Sell Gas to Egypt via Pipeline

A group of private customers in Egypt has agreed to buy at least $1.2 billion of natural gas from Israel's offshore Tamar field via an old pipeline built to send gas to Israel.

The Tamar partners said on Wednesday they signed a seven-year deal with Dolphinus Holdings, a firm that represents non-governmental, industrial and commercial consumers in Egypt, that calls for a minimum 5 billion cubic meters (bcm) of gas to be sold in the first three years.

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