Israel | Egypt Oil & Gas - Part 2
Egypt to Pay $500 MM to Settle Gas Case with Israel
The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have agreed to pay 0 million to Israel Electric Corporation (IEC) over natural gas deal disputes, according to a st...
Pipeline Issues Delay Israeli Gas Flow to Egypt
Egypt expects to start receiving natural gas from Israel in mid-2019, Egyptian Minister of Petroleum, Tarek El Molla, said during the CERAWeek conference. Due to unexpected issues in the pipeline connecting Egypt to I...
Egypt Agrees $1.7B Settlement in Arbitration Case with Israel
Egypt has agreed to pay Israel a $1.7 billion settlement in the arbitration case filed by the Israel Electric Company (IEC) against the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Co...
Egypt-Israel Gas Deal: Pipeline Capacity Issue Casts Shadow over Gas Export Agreement
Israel’s domestic pipeline infrastructure does not have the capacity to transfer the contracted quantities of natural gas from the Tamar and Leviathan fields to Egypt, sources told Hebrew language business daily...
Saudi Arabia has ‘No Intention’ of Repeating 1973 Oil Embargo
Saudi Arabian Energy Minister stated that the Kingdom does not plan to impose an oil embargo akin to that of 1973 in response to predictions that it may cut its supply of crude for global markets by 500,000 barrels pe... Israel, Egypt Gas Partners Acquire Controlling Stake in EMG Pipeline
Noble Energy, Delek Drilling and Egypt East Gas Company have purchased a 39% stake in the Eastern Mediterranean Gas Company paving the way for Israel to begin exporting natural gas to Egypt, Noble announced in a press... Egypt’s Government Overseeing Gas Deal with Israel
The agreement between private companies to import natural gas from Israel will be subject to the Egyptian regulations governing natural gas imports, said Hamdy Abdel Aziz, Spokesman of the Ministry of Petroleum and Mi...
West Africa, Israel Sign $1b Clean Energy Deal
West African states have signed a new deal with Israel aimed at boosting the region’s struggling power sector, Africa Review reported. Israeli solar power developer, Energiya Global, committed to a $1b green energy pr...
