(MENAFN) Israel plans to pump gas to neighboring Egypt from its huge Leviathan offshore gas field through an existing subsea pipeline for up to 15 years.
When Leviathan starts operating in 2019 or 2020, it will supply Egypt's Dolphinus Holdings with up to 4 billion cubic meters of gas per year for 10 to 15 years.
The Egyptian market is thirsty for gas, both for local use and for their export facilities, thus it's becoming a regional hub through collaboration with the Leviathan.
Development of Leviathan, which holds 622 bcm of gas, is being led by US-based Noble Energy and Delek Group over its units Delek Drilling and Avner Oil and Gas.
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