Egypt will begin importing natural gas from Israel by mid-January 2020, a senior industry source said on Sunday.
Israeli gas exports to Egypt will gradually reach 7 billion cubic meters, the source said on condition of anonymity.
— The Jerusalem Post (@Jerusalem_Post) December 22, 2019
Egyptian company Dolphinus Holdings reached a landmark deal last year with the Israeli companies operating the Israeli fields Leviathan and Tamar.
In October, the Israeli companies said they were increasing the amount of natural gas they plan to export to Egypt.
Reuters: "Israel" will start supplying gas to Egypt in mid-January 2020, as the quantity exported will reach 7 billion cubic meters gradually.#??❤?? pic.twitter.com/ZW62A0UDMK
— محمد بن عبدالله القريشي (@3lgwEDrtQnddUUp) December 22, 2019
One source in the Israeli energy industry estimated the value of gas was now $19.5 billion – $14 billion coming from Leviathan and $5.5 billion from Tamar.
Israel’s energy ministry gave its final approval for the start of production at the giant Leviathan field three days ago after a court lifted a temporary injunction granted over environmental concerns.
Israel has become a major energy exporter for the first time, after signing a permit to export natural gas to Egypt. https://t.co/cT8403u5ON
— ABC News (@ABC) December 17, 2019
A spokesman for Egypt’s petroleum ministry said he could not provide any information on the matter.
(Middle East Monitor, PC, Social Media)