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Israeli companies plan a new natural gas pipeline to Egypt

The partners in the Leviathan and Tamar gas fields offshore Israel have agreed to invest ILS 765m (US$235m) to build a new 5.5 bcm/year gas pipeline between the Leviathan and Tamar reservoirs to EMG’s terminal in Ashkelon (southern Israel) that would be operated by Israel Natural Gas Lines (INGL), in order to export natural gas to Egypt. In January 2020, Israel started to export gas from the Tamar and Leviathan offshore reservoirs to Egypt through the 90 km subsea East Mediterranean Gas (EMG) gas pipeline between Ashkelon (Israel) and El Arish (Egypt). In addition, partners plan to build a new gas pipeline between Ashkelon and Ashdod in Israel.

The Leviathan project is owned by Delek Drilling (45.34%), Noble Energy (39.66%) and Ratio Oil Exploration (15%), while the Tamar project is owned by Isramco Negev 2 (28.75%), Noble Energy (25%), Delek Drilling (22%), Tamar Petroleum (16.75%), Dor Gas Exploration (4%) and Everest Infrastructures (3.5%).