Egypt to import gas from Isreal by 2020: Source - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 22-12-19 18:42:00
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Egypt to import gas from Isreal by 2020: Source via SABCNewsOnline

Israeli gas exports to Egypt will gradually reach 7 billion cubic metres, the source said on condition of anonymity.

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. One source in the Israeli energy industry estimated the value of gas was now $19.5 billion to $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.

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Israel will get the gas from the Golan heights which is Syrian territory.

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