Israel’s Stake in the Egyptian Natural Gas Pipeline: Strategic and Economic Benefits
On February 19, 2018, the Israeli-American consortium that owns natural gas concessions in Israel's exclusive economic zone (EEZ), including gas fields Tamar and Leviathan, announced an agreement with the Egyptian Delphinus company. According to the agreement, estimated at $15 billion, an annual 3.5 BCM will be sold from each field, beginning in 2019. As such, Tamar, which is already active, and Leviathan, are together to supply 64 BCM over the next decade.- Monday, October 15, 2018