LNG

New deals bring Egypt closer to creating gas hub

Burgeoning domestic output and pipeline plans are enabling Egypt to realise its gas export ambitions Burgeoning domestic output and pipeline plans are enabling Egypt to realise its gas export ambitions.
By James Gavin 3 October 2018 0 32762
Work at the West Nile Delta project. (© BP plc)

Two new deals will make it easier for Egypt to export its gas, bringing the country a step closer to its aim of becoming a regional hub.

Israel’s Delek Drilling, United States-based Noble Energy and Egyptian East Gas Co. agreed last week to buy 39% of East Mediterranean Gas (EMG), which owns the pipeline linking the Israeli and Egyptian gas grids. The 90-km pipeline is expected to restart exporting Israeli gas to Egypt soon.

Noble and its partners plan to sign an agreement by...