Mubadala Petroleum to buy Delek’s 22% share in Tamar offshore gas field
Israel’s Delek moves to sell stake in Tamar to UAE’s Mubadala; One of the Israeli natgas fields Egypt imports from could be getting a new shareholder: Israel’s Tamar offshore field, which supplies Egypt with natural gas under a 2018 agreement, could be getting a new shareholder after Delek Drilling, one of the field’s owners, signed […]
New major offshore East Med project awarded to Corinth Pipeworks
Cenergy Holdings SA has announced that Corinth Pipeworks S.A., its steel pipe segment, signed an agreement to manufacture and supply steel pipes to Israel Natural Gas Lines (INGL), leader in natural gas distribution in Israel, for the offshore section of a new high-pressure gas pipeline between the cities of Ashdod and Ashkelon. Chevron, having recently […]
Chevron invests $235 million in Leviathan/Tamar to Egypt gas pipeline
Chevron Corp. and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit off Israel’s Mediterranean coast, signed an agreement under which Israel Natural Gas Lines Ltd. will lay a new subsea pipeline […]
EMG gas pipeline faces ownership change as Delek plans LSE spin-off
Delek Drilling to transfer ownership in Israel-Egypt gas pipeline to new company as part of LSE spin-off plan: Delek Drilling, one of the main operators of Israel’s large offshore gas fields, is planning to spin off most of its assets into a new company it will IPO on the London Stock Exchange, according to a […]
Noble, Delek, EMG strike $518 million gas pipeline deal
Noble Energy said it has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt. J. Keith Elliott, Noble Energy’s senior vice president, Offshore, stated: “Today’s announcements mark significant steps forward in supplying natural gas from the world-class Tamar and Leviathan fields to regional customers through […]
Dolphinus Holdings to start importing natural gas as early as Q1 2019
Dolphinus Holdings could start importing natural gas from Israel as early as 1Q2019, sources with knowledge of the matter told Reuters yesterday. “Imports will start in small quantities first and will gradually increase to reach their climax in September 2019,” they add, without providing detail on the specific quantities or prices. Dolphinus has been waiting […]
Noble, Delek seek to buy rights for EMG gas pipeline for Egypt supply
The partners in the Tamar and Leviathan natural gas site off Israel’s coast are in talks to buy the rights to use the East Mediterranean Gas (EMG) pipeline to supply gas to customers in Egypt. The partners, Texas-based Noble Energy and Israel’s Delek Drilling, did not provide details. Delek said there was no certainty a […]
Bloomberg: Egypt's potential gas surplus could feed global LNG glut
Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal, raising the prospect that the Arab nation may turn its surplus into liquefied natural gas and export it to a market currently glutted with LNG. Egypt was already expecting to become self-sufficient in natural gas by the […]
Bloomberg: Cyprus, Egypt nearing gas agreement
Cyprus to sell Aphrodite gas to Egyptian LNG plants: minister. Noble Energy, Delek on Monday offered gas from Israeli fields. Cyprus is nearing an agreement to sell natural gas to Egypt, marking the second potential supply deal in as many days with the North African country vying to position itself as a regional energy hub […]
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 […]
