Egypt to Receive First Gas from Israel as Early as March
tarek al-molla,ejypte oil minister
Ejypte oil&gas-Tuesday, 9th October 2018
Egypt will start receiving imported natural gas from Israel as early as March upon ensuring an undersea pipeline, which is connecting the two countries, is in good condition, Bloomberg reported.
The move which comes under a $15 billion deal will move Egypt closer to its vision of becoming an energy-exporting hub.
Egypt will be receiving 100 million standard cubic feet per day (mmscf/d) of gas in Q1 2019 and it will gradually increase to a maximum of 700 mmscf/d, said Mohammed Shoeib, CEO of East Gas Company.
“We expect the pipeline is in good condition,” Shoeib told Bloomberg in an interview, adding “We aim to reach the pipeline’s full capacity or maximum flow rate within three years.”
Egypt’s Dolphinus had signed an agreement with the Israeli Delek Drilling and the its Texas-based partner Noble Energy to buy $15 billion worth of gas over 10 years.