MEDITERRANEAN SEA, ISRAEL - FEBRUARY 2013: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel. The offshore Tamar drilling site which was originally dispatched from a shipyard in Texas at the end of last year is due to start producing natural gas next week. Over the past few years Israel has suffered from a shortage in natural gas, but with the new platform that weighs 34,000 tons and will be mainly operated by Israelis, the US company Nobel Energy which owns a 36% stake in Tamar, hopes to change Israel's energy situation as well as the economy as a whole. (Photo Photo by Albatross via Getty Images)

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.

You can follow him on twitter: https://twitter.com/oulosP

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Anton Poigner Woisinger
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Anton Poigner Woisinger

To buy the gas which belongs to the Palastinians from Israel, is without any character.