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
Egypt could be on its way to becoming a major market for Israeli gas. Companies developing Israel's biggest natural gas reservoir are said to be in talks to get around a dispute between the two governments by piping the gas through Jordan. Bloomberg's Yaacov Benmeleh reports on 'Bloomberg Markets: Middle East.' (Source: Bloomberg)
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 Israel familiar with the matter.
Israel’s Delek Group Ltd. and Houston-based Noble Energy Inc., the major stakeholders in the Leviathan gas field, are in talks to sell about 3 billion cubic meters a year to Egypt’s Dolphinus Holdings Ltd., according to Dolphinus’s co-founder, Alaa Arafa.