Pipelines, Storage & Power

Delek, Noble and East Gas finalise control over Egypt-Cyprus pipeline

Delek Drilling, Noble Energy and Egypt’s East Gas have finalised a deal to establish joint control over a pipeline to be laid between Cyprus and Egypt
By Staff reporter 10 August 2018 0 32109

Delek Drilling, Noble Energy and Egypt’s East Gas have finalised a deal to establish joint control over a pipeline to be laid between Cyprus and Egypt, according to a Bloomberg report.

The joint company will be established in Cyprus and the Netherlands. An initial agreement is expected to be signed in a month or less, according to sources close to the deal cited by the newswire.