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Israel’s Leviathan secures $10bn deal to export gas to Egypt

26 Nov 2015

Partners in Israel’s Leviathan offshore gas field have reached a preliminary agreement to export gas to Egypt’s domestic market over 10-15 years.

If completed, the $10 billion deal is likely to revive hopes in Israel that its offshore gas industry can win export deals with its neighbours.

“The regional potential is being realised, and the Israeli gas discoveries look to play a key role in shaping the regional energy market,” said Yossi Abu, chief executive of Delek Drilling.