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Israel: Regulator approves Egyptian pipeline deal

By  |  July 31, 2019

Israel’s antitrust regulator on Wednesday, July 31 gave the partners in the Tamar and Leviathan natural gas fields a green light to buy into an export pipeline to Egypt, as long as they grant other players access to the pipeline.

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    Delek Drilling and Noble Energy are looking to buy into the subsea EMG pipeline that connects Israel and Egypt. This would allow them to supply gas to Egypt under a landmark US$15 billion export deal.

    The antitrust regulator also set the condition that Delek and Noble must be prepared to “swap” supply arrangements should an Egyptian supplier reach an agreement in the future to sell gas to Israeli customers. The antitrust authority stated it would reexamine the situation in another 10 years.

    Full Content: ahram online

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