Dolphinus Holding to buy Tamar, Leviathan gas in $15 billion deal
Private Egyptian firm Dolphinus Holding will buy 64 billion cubic meters (BCM) of natural gas from the Tamar and Leviathan gas fields over 10 years. The deal is worth an estimated $15 billion. The partners in Israel’s Tamar and Leviathan offshore gas fields said they would supply the Egyptian company with around 64 billion cubic […]
Israeli gas producers eye Egypt after natural gas act, could route gas through Jordan to sidestep Israel Electric dispute
Israeli firms developing the Leviathan gas field are trying to find a way around the financial disputes blocking their export agreement with Egypt, according to Bloomberg. The developers are reportedly discussing ways to reroute the gas through a pipeline in neighboring Jordan, operated by Jordanian Egyptian Fajr for Natural Gas Transmission & Supply. While the […]
Bloomberg: Leviathan Partners in talks to pipe Israeli gas to Egypt via Jordan
• Jordanian route would be more costly than going through Sinai. • Alternative path could circumvent Israel-Egypt dispute on fine. Companies developing Israel’s largest natural gas reservoir are negotiating an alternative delivery route to key target market Egypt to skirt financial disputes that have held up an export deal, according to people in Egypt and […]
Bloomberg: Swiss Court Fines Egypt $2 Billion
• Court says Egypt breached contract to supply gas to Israel. • Israel now hoping to export natural gas to southern neighbor. A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contracts, a step that could complicate chances for the two nations […]
Bloomberg: Talks to end Israeli case against Egypt over natural gas
Negotiations are ongoing between the two companies that operate the Israeli gas field Tamar along with the Spanish Union Fenosa Gas SA (UFG) to drop an Israeli arbitration court case against Egypt, US business agency Bloomberg revealed on Tuesday. Quoting an anonymous source, Bloomberg explained that the two companies that run Israel’s Tamar natural gas […]
Egypt, Israel reported to be nearing compromise on natural gas dispute
Egypt and Israel are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. Israel may agree to settle for half of the $1.73 billion fine Egypt was ordered to pay it so talks on exporting Israeli offshore gas there can go ahead, two people familiar with the […]
Delek Group responds to press releases regarding suspension of negotiations for export of Natural Gas to Egypt
Reference to Press Releases regarding the Suspension of Negotiations for Export of Natural Gas to Egypt Delek Group (“the Company”) announces that attached is an Immediate Report just published by Avner Oil Exploration Limited Partnerships and Delek Drilling Limited Partnerships (“the Partnerships”) concerning various reports in the media with regard to freezing the talks in […]
Letter of Intent to Export Natural Gas from the Leviathan Project for Consumers in Egypt
Delek Group announced that attached is an Immediate Report just published by Avner Oil Exploration Limited Partnerships and Delek Drilling Limited Partnerships (“the Partnerships”) concerning a Letter of Intent for the export of natural gas from the Leviathan Project to Egyptian consumers. Pursuant to what was stated in section 7.14.2 of the Partnerships’ Periodic Report to […]
Delek Group announces signing of gas sale deal by Tamar Partners to Egyptian Group
Delek Group announced the agreement signed by the Tamar Project partners, including the Partnerships (Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership), and Dolphinus Holdings Limited for the export of natural gas from the Tamar Project to Egypt. Further to the Partnerships’ Immediate Report of October 19, 2014 regarding the letter of intent […]