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December 18, 2014 / 26 Kislev, 5775
 
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Tshuva To Export 20% of “Tamar” Gas Field to Egypt

Israel's offshore drilling sites and gas finds.

Israel's offshore drilling sites and gas finds.
Photo Credit: Courtesy: Noble Energy

Yitzchak Tshuva plans to sell 20% of the gas drilled from the “Tamar” gas field to Egpyt, according to a report in Calcalist.

Letters of understandings were signed, and official contracts are expected to be signed in six months.

This is the first export agreement with Egypt, and follows the export agreement signed a few months ago with Jordan.

Egypt is to receive 4.5 BCM (billion cubic meters) each year for 15 years. The deal is valued at 1.1 to 1.3 billion dollars a year for a total of around $20 billion dollars.

The “Tamar” gas field holds an estimated 320 BCM and is owned by Noble Energy (36%), Delek and Avner Drilling (31.25%), Isramco (28.7%) and Dor Gas (4%).

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3 Responses to “Tshuva To Export 20% of “Tamar” Gas Field to Egypt”

  1. Anonymous says:

    Sure beats having to buy natural gas from Egypt.

  2. Judith Dowla says:

    Sounds good to me like the birth of a good idea leading to a serviceable plan. Being a light to the nations in all ways.

  3. Yechiel Baum says:

    EYGPT DID NTO GIVE US OIL, SO DONT GIVE THEM GAS. tHEY HAVE ENOUGH FROM THE HUMAS AND THE PHILISTINES

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