Israel will start exporting natural gas to Egypt after Eastern Mediterranean Gas (EMG) and Israel's Europe Asia Pipeline Co. said on Sept. 8 that they had signed an agreement allowing the former to use a second terminal to export natural gas to Egypt.
According to oil experts and economists, the deal has removed the last obstacle to the start of gas exports from Israel to Egypt. On Feb. 19, 2018, Israel's Delek Drilling company and Texas-based Noble Energy announced the signing of a 10-year contract worth $15 billion with the Egyptian Dolphinus Holdings company to export natural gas to Egypt. The two companies decided in September 2018 to buy stakes in EMG’s pipeline to facilitate the deal.