The 64 bcm (2.26 tcf) of gas sold to Dolphinus Holdings, a private Egyptian company, over a period of 10 years would come from the Tamar and Leviathan fields in the Mediterranean Sea, Reuters reported.
Israel’s energy minister, Yuval Steinitz, told the agency that it is the most important export deal Israel and Egypt have signed since their 1979 peace accord.
The Tamar field started producing in 2013. Development of the Leviathan field is about 40% complete and it is expected to come on stream in 2019, operator Noble Energy announced on Tuesday.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
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Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
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