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| Israel-Palestine-Jordan | ||
| Gas Pipeline Between Israel, Egypt To Resume Activity | ||
| 2014-10-20 | ||
| [Ynet] Israel signs deal with Egyptian company to supply a minimum of 5 million cubic meters of natural gas over the next three years. A deal signed between the Israeli Tamar gas reservoir and Egyptian company Dolphinus Holdings will soon bring to the resumption of natural gas flow Israel and Egypt. The gas flow from Egypt to Israel was halted two and a half years ago, after terror organizations operating in the Sinai Peninsula repeatedly targeted the pipe with explosives. Since then, the Tamar reservoir started operating and the signed agreement includes the export of up to 2.5 billion cubic meters of natural gas surplus from Israel to private industrial customers in Egypt.
This deal joins contracts other companies sharing Israel's gas reservoirs have signed with Middle Eastern clients, including the Paleostinian Authority, as well as to agreements to sell Israeli gas to the liquefaction plants of Union Fenosa and British Gas in Egypt, and an agreement with the Jordanian National Electric Power Company. The deal was signed thanks to the apparent improvement of the Egyptian military control of Sinai and the decrease in terrorist activity in the peninsula. | ||
| Posted by:trailing wife |
| #1 Last month, Noble signed a letter of intent to supply Jordan's National Electric Power Company with 487 bcm of natural gas from Leviathan over 15 years. Jordan once received Egypt natural gas through an undersea pipeline built from Sinai to Jordan. It now appears it will receive gas that is piped across Israel to Jordan. Israel would likely be wise to build an undersea connection to the Egyptian gas field north of the Nile Delta rather than depend upon the cross-Sinai route that is easily sabotaged. |
| Posted by: Beldar Sloque3832 2014-10-20 08:27 |