Israeli group in talks to ship gas into Egypt via EMG pipeline
Sunday, October 19, 2014 - 18:29 The operators of Israel’s Tamar Gas field have entered negotiations with a private firm to supply the Egyptian market with 5 billion cubic meters of natural gas over a three year period. According to a statement released today by Israel-based energy firm Delek Group, it has signed a non-binding letter of intent to supply Egypt with 250,000 million BTUs per day for a period of seven years. The gas would be shipped from Ashkelon in Israel to Arish in Egypt, via an undersea pipeline owned by the Eastern Mediterranean Gas company that was originally built to ship gas from Egypt to Israel. The gas is to be supplied on an interruptible basis, when surplus gas is available after meeting the Tamar partners’ other obligations. Delek says it believes the gas will be supplied to industrial consumers in Egypt. The price of gas is to be in line with Israel’s other gas export deals, and will be linked to global oil prices. ...