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.

The partners involved in Israel's giant Leviathan natural gas field said that they have entered talks to supply 14.8bcm of natural gas over 17 years to Edeltech.

Israeli Delek Group stated that the transaction for the sale of all of the rights in the I/16 Tanin and I/17 Karish leases to Energean had been closed.

The Petroleum Council of Israel has approved the acquisition of 100 percent of the Karish and Tanin natural gas fields by Energean Oil & Gas from Delek Drilling and Avner Oil for $148m.

The local partners in Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to $1.75b in financing.