Egypt to import gas from Isreal by 2020: Source

One source in the Israeli energy industry estimated the value of gas was now $19.5 billion to $14 billion coming from Leviathan and $5.5 billion from Tamar.
Egypt will begin importing natural gas from Israel by mid-January 2020, a senior industry source said on Sunday.

Israeli gas exports to Egypt will gradually reach 7 billion cubic metres, the source said on condition of anonymity.

Egyptian company Dolphinus Holdings reached a landmark deal last year with the Israeli companies operating the Israeli fields Leviathan and Tamar.

In October, the Israeli companies said they were increasing the amount of natural gas they plan to export to Egypt. One source in the Israeli energy industry estimated the value of gas was now $19.5 billion to $14 billion coming from Leviathan and $5.5 billion from Tamar.

Israel’s energy ministry gave its final approval for the start of production at the giant Leviathan field three days ago after a court lifted a temporary injunction granted over environmental concerns.

A spokesman for Egypt’s petroleum ministry said he could not provide any information on the matter.