Friday, May 14th | 4 Sivan 5781

August 31, 2015 7:57 am

Israeli Minister Says Egypt Gas Discovery Could Hurt Israeli Exports

avatar by News Editor

A gas rig off Israel's coast. Photo: YouTube screenshot.

A gas rig off Israel’s coast. Photo: YouTube screenshot.

Reuters – A huge natural gas field discovered offshore Egypt could have implications for Israel, which is looking to export its own deposits, Israeli Energy Minister Yuval Steinitz said on Sunday.

Partners Noble Energy and Delek Group, who in recent years discovered two sizeable fields in Israeli waters, have been negotiating long-term contracts to sell gas to customers in Egypt, but the deals have been held up by regulatory uncertainty in Israel.

Read full story.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.