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| The gas export deal is under threat due to the ambivalence of Shell shareholders. (File photo) |
Shareholders will vote this week on Shell's takeover bid for BG, which operates the LNG plant at Idku.
The partners in the Leviathan gas reserve need to act fast if they want exports to Egypt to go ahead. Unless an agreement is signed within the next few days with BG, such an agreement is liable to be delayed substantially, at best, or, at worst, to disappear from the agenda. The reason is that BG and Royal Dutch Shell shareholders are due to vote this week on the takeover of the former by the latter. Shell, which operates in Qatar and may do so in Iran as well, will think twice before signing a deal in Israel.
