Thursday 26 November 2015

Israel’s Leviathan agrees $10bn deal to export gas to Egypt - FT.com

Israel’s Leviathan agrees $10bn deal to export gas to Egypt - FT.com:

"Partners in Israel’s Leviathan offshore gasfield have reached a preliminary agreement to export gas to Egypt’s domestic market over 10-15 years, setting up a deal worth an estimated $10bn over the period.
News of a memorandum of understanding between Leviathan and Egyptian group Dolphinus lifted Israeli energy stocks on Wednesday, after a period in which their prices had been depressed by regulatory uncertainty and concerns over competition from a newly discovered “supergiant” offshore gasfield."



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