Sunday, June 29, 2014

Israel's Leviathan partners in talks to sell natgas to Egypt plant | Reuters

Israel's Leviathan partners in talks to sell natgas to Egypt plant

Published: 06.29.14, 12:48 / Israel News
The partners in Israel's Leviathan giant natural gas field said on Sunday they signed a non-binding letter of intent with BG Group to export gas BG's liquefied natural gas (LNG) plant in Egypt.

The parties are holding talks to reach a deal under which Leviathan will supply 7 billion cubic metres annually for 15 years via an underwater pipeline, the partners said in a statement. An energy source in Tel Aviv said such a deal would be worth about $30 billion. (Reuters)



Link to source: http://www.ynetnews.com/articles/0,7340,L-4535767,00.html