Egypt Expects First Israeli Gas by Year-End, Oil Minister Says
- Supply of 200 million scf/d to reach 500 in 2020: El-Molla
- Gas deal part of Egyptian plans to become energy export hub
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Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North African country as an energy re-export hub on Europe’s doorstep.
Egypt will initially receive about 200 million standard cubic feet per day of the gas, with supplies rising eventually to a daily 500 million sometime in 2020, the minister Tarek El-Molla said Tuesday in an interview in Abu Dhabi.