MembersHistoric Gas Deal With Egypt

Delek and Noble Energies, the companies operating the gas fields off the coast of Israel, have come to an agreement with the Egyptian company Dolphinus to deliver 64 billion cubic meters of natural gas to the Arab country over the next ten years.

By Michael Selutin |
Photo: Moshe Shai/FLASH90

The volume of gas promised to estimated to be worth $15 billion.

The necessary infrastructure still has to be constructed. There is one pipeline in existence, which was used in the past to transfer gas in the opposite direction, from Egypt to Israel. It is also possible that the gas will go via Jordan to Egypt. There are also considerations as to whether to build a new pipeline directly between the two countries.

Israel is aspiring to take on the role of major natural gas provider for the region. If neighboring countries that were previously enemies become involved in economic cooperation with Israel, the probability of armed conflict...

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