The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt. The $30b deal is expected be signed before BG is purchased by Shell in late January.

Israeli Prime Minister, Benjamin Netanyahu signed a deal giving final approval for the development of the Leviathan natural gas field off Israel's coast.

The energy minister of Cyprus, Yiorgos Lakkotrypis, announced on Monday that a move by British oil and gas company BG International to buy a stake in Cyprus’ offshore mineral deposits was an important step forward for the country’s plans to supply Egypt with natural gas.

Despite promising signs, Israel is still struggling to produce large amounts of natural gas from its Mediterranean fields, says Reuters.

Commodities trader Noble Group will supply a single liquefied natural gas (LNG) cargo to Egypt in late June after winning a closed tender launched two weeks ago, trade sources said.