Leviathan Partners in Conversation with Egypt

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OilandPower South-Sudan  2020

Israel could be supplying Egypt with much needed natural gas soon. According to reports, firms involved with the Israel’s Leviathan natural gas field have signed a preliminary deal to supply gas to Egypt via an existing underwater pipeline to the Sinai peninsula.

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Under the deal, Leviathan would supply Egypt’s Dolphinus Holdings with up to 4 Bcm of gas a year for 10 to 15 years, the partners said in a statement to the Tel Aviv Stock Exchange.

The price of gas is similar to other contracts and is linked to the price of Brent oil, they said.

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