Israeli gas exports to Egypt moved closer to reality after companies operating in both countries agreed to buy a 39% stake in a pipeline connecting the two neighbours.
US independent Noble Energy and Israel’s Delek Drilling — partners in Israel’s offshore Leviathan and Tamar fields — have teamed up with the Egyptian East Gas Company to pay $518 million for a stake in the Eastern Mediterranean Gas Company (EMGC), which operates the EMG pipeline.
