Israel’s Delek Group says negotiations to purchase a majority stake in the EMG offshore gas pipeline which links Israel and Egypt are proving “difficult.” The firm is a partner in Israel’s two key offshore gas projects, the producing 10tcf Tamar and the 22tcf Leviathan, which is due online in late-2019.
Delek and its main partner offshore Israel, Texas-based Noble Energy, which operates both Tamar and Leviathan, hopes that buying a controling stake in the pipeline will facilitate a preliminary deal to supply private Egyptian conglomerate Dolphinus with 3.6bcm/y over 10 years (MEES, 29 June). (CONTINUED - 493 WORDS)
