Israel | Egypt Oil & Gas - Part 6

Israel On Verge of New Offshore Gas Finds

Israel is on the verge of new major gas finds in its territorial waters, said Reuters. An Israeli exploration group led by Isramco Negev and Modiin Energy cited a “best estimate” resource report for two of...

Leviathan Partners and BG Negotiating $30b Egypt Gas Deal

The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt, Israeli business journal Globes reports. According to sources, the $30b deal will be signed before B...

Israeli Government Approves Gas Exports to Egypt

Israel’s government has approved to begin exporting natural gas from its Tamar site, along the Mediterranean coast, to Egypt at the capacity of up to 5bcm in the coming seven years, reported Reuters. Israel̵...

Turkey-Israel Rapprochement Targets Mediterranean Gas

Turkey and Israel have outlined contours of a long-delayed deal to repair their diplomatic ties after a five-year rift, paving the way for a bilateral agreement on Mediterranean gas pipeline, reported The Financial Ti...

Netanyahu Approves Leviathan Deal on National Security Grounds

Israeli Prime Minister, Benjamin Netanyahu signed a deal giving final approval for the development of the Leviathan natural gas field off Israel’s coast, reported Reuters. He described the deal as critical to na...

Former EGAS Chairman: ICC Lacks Jurisdiction in Israel Dispute

Egypt’s appeal over the dispute with the Eastern Mediterranean Gas (EMG) and the Israel Electric Corporation (IEC) will be based on a lack of jurisdiction by the International Chamber of Commerce (ICC), according to f...

Egypt-Israel Suit to Be Resolved through Negotiations

The Egyptian government expects the current gas dispute with Israel to be settled through negotiations, Daily News Egypt reports. An anonymous government official told the paper that because Israeli gas crosses Egypti...

Israel Still Pursuing Energy Deals with Egypt Despite Freeze

Israeli companies are continuing to pursue energy trade deals with Egyptian firms despite the Egyptian government’s order to freeze current energy negotiations, United Press International reports. Delek Energy, one of...

Israeli Delegation Sent to Cairo over Gas Lawsuit

Egypt will receive an Israeli envoy to discuss the recent International Chamber of Commerce’s (ICC) ruling over disrupted Egyptian gas exports to Israel, Ahram Online reports. According to the report, the Israel...

Gas Ruling Forces Egypt to Pay $2b to Israel, Government to Appeal

The International Chamber of Commerce (ICC) has ruled against the Egyptian General Petroleum Corporation (EGPC) and the Holding Company for Natural Gas (EGAS) in its long-standing contract dispute, Reuters reports. Th...

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