×
×
Project Insights

Shell keeps Israeli gas producers guessing

The Anglo-Dutch giant is considering using Israeli gas to supply its Idku LNG plant in Egypt, but experts say this scenario is far from certain The Anglo-Dutch giant is considering using Israeli gas to supply its Idku LNG plant in Egypt, but experts say this scenario is far from certain.
By Rachel Williamson 14 September 2016 Middle East & Africa / Companies & Finance 0 21937
The jetty at Egypt’s Idku LNG plant. The facility has been idled since 2014. (BG Group)

Shell is holding talks with producers of Israeli gas on the possibility of supplying its Idku LNG plant in Egypt, but analysts say the Anglo-Dutch major is just testing the waters.

After Egypt signed a deal to buy gas from Cyprus at the end of August, Shell met representatives from Delek Group and Noble Energy. This was followed by a meeting with Delek in Cairo, according to three sources working for international gas producers.

The talks are a continuation of discussions that took place between BG Group...