Delek Drilling Seeks Acquiring Stakes in Egyptian Liquefaction Plants
The company wants to buy parts of either Idku or Damietta liquefaction facilities as a part of its deal with Egypt to liquefy gas and export it to global markets.
The company wants to buy parts of either Idku or Damietta liquefaction facilities as a part of its deal with Egypt to liquefy gas and export it to global markets.
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.
The Egyptian company Dolphinus Holdings will start importing Israeli natural gas for re-export in the first quarter of 2019.
Delek Drilling shareholders will meet on July 1 to vote on whether to approve a $200 million investment in a subsea pipeline to Egypt.
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