Leviathan Partners in Conversation with Egypt


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.

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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