Levithian’s four partners compising of Houston-based Noble Energy, and Israel’s Delek, Avner and Ratio, have reached a preliminary deal to export gas to Egypt. The gas will be from the Levithian’s offshore gasfields.
This news alone raised the Israeli energy stocks on Wednesday.
Yossi Abu, chief executive of Delek Drilling stated:
“The regional potential is being realised, and the Israeli gas discoveries look to play a key role in shaping the regional energy market. The deal with Dolphinus is further proof of the political and economic benefits that may be derived through regional co-operation between states and energy companies.”
Gideon Tadmor, Avner’s CEO, said: “The gas discoveries will enable the reinforcement of Israel’s relationships with neighbouring countries and affect the lives of millions of citizens throughout the region.”
It has been estimated the deal is worth $10 Billion.
P. Antonopoulos is currently a Candidate for an MA Degree, writing his dissertation on the Saudi-Iranian Geopolitical Rivalry in the Syrian War.
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