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Israel to start exporting natural gas to Egypt as last obstacle is removed

An agreement was recently signed allowing the Egyptian Eastern Mediterranean Gas company to use the Eurasia-Israel pipeline, which would allow the resumption of natural gas exports to Egypt.
An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off the coast of Haifa, Israel January 31, 2019. Marc Israel Sellem/Pool via REUTERS - RC17C1973F80
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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.

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