Petroleum Africa
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Tuesday, October 21, 2014
Israel’s offshore Tamar gas field could supply Egypt, as the field’s partners continue negotiating the sale of at least 5 Bcm of gas over three years. The consortium, led by Texas-based Noble Energy and Israel’s Delek Group, said in a statement they signed a LoI with Dolphinus Holdings, a firm that represents non-governmental, industrial, and commercial consumers in Egypt.
The pipeline was built over 10 years ago by East Mediterranean Gas (EMG), the company that was over a now defunct Egyptian-Israeli natural gas deal. However, it has been inactive for a long period of time with EMG suing the Egyptian government for damages.
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