Israeli partners sign bid to sell natural gas to Egyptian firm
Turning the tables on the region's natural resource flow, Israeli gas may soon surge southward through the Egyptian pipeline that for several years provided gas to Israel – but fell victim to saboteurs in the Sinai region.
The developers of the 282-billion cubic meter Tamar reservoir, which has been supplying gas to Israelis since March 2013, have signed a letter of intent to sell 2.5 b.cu.m. annually to the Egyptian firm Dolphinus Holdings Limited, the Delek Group reported to the Tel Aviv Stock Exchange on Sunday morning. This gas surplus sold to the Egyptian firm from Israel's local supply will begin serving private industrial consumers already in 2015, according to the partners.