Attempting to watch all things Israel is never a simple enterprise.
Since reading your announcement, I've been searching for an online Israeli publication with a map of this river's hidden river bed as it flows through southern Israel.
Too early apparently! - not enough time lapsed since the official announcement...
Israel and Egypt are now officially entered into an agreement to harvest a rich offshore natural gas deposit, which they eventually intend to sell to the EU.
Turkey has been sending it's soldiers into Libya in their own attempt to gain sufficient influence through that country's weak government to make a claim for this offshore gas.
Never is there a dull moment where anything regarding Israel, the apple of God's eye, is concerned.
Israel starts exporting natural gas to Egypt under landmark deal
Aidan Lewis and Ari Rabinovitch
January 15, 2020
12:42 PM ESThttps://business.financialpost.com/pmn/business-pmn/israel-starts-exporting-natural-gas-to-egypt-under-landmark-deal
Israel began exporting natural gas to Egypt on Wednesday under one of the most important deals to have been signed by the neighbors since they made peace four decades ago.
A private firm in Egypt, Dolphinus Holdings, will purchase 85 billion cubic meters (bcm) of gas, worth an estimated $19.5 billion, from Israel’s Leviathan and Tamar offshore fields over 15 years.
Israeli Energy Minister Yuval Steinitz said the deal was “just the start” of cooperation with Egypt.
Yossi Abu, CEO of Israel’s Delek Drilling, one of the partners in Leviathan and Tamar, said the arrangement “marks a new era in the Middle East energy sector.”
Israel will initially export 200 million cubic feet of gas per day to Egypt, two Egyptian industry sources said. Gas from Leviathon will be supplied to Dolphinus at a rate of 2.1 bcm per year, rising to 4.7 bcm per year by the second half of 2022, according to Delek.
The gas is being supplied via a subsea pipeline connecting Israel and Egypt’s Sinai peninsula, which Steinitz said had sufficient capacity for current volumes, though the option of building a second pipeline was being considered if demand from Egypt grew. Exports of Tamar gas to Dolphinus are expected to start later this year.
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Israeli officials have called the export of gas to Egypt the most significant deal to emerge since the countries signed a historic peace treaty in 1979.
“The fact that the three countries, Israel, Egypt and Jordan are now collaborating together and are already connected with a regional gas transmission system … this is significant and it will contribute to peace and security in the Middle East,” Steinitz told Reuters in an interview in Cairo.
Jordan received its first supplies of Israeli gas at the start of the month.
ENERGY HUB PLAN
Egypt, which has boosted its own gas production in recent years, is hoping the Israeli gas deal will help it become a regional energy hub, with some of the gas expected to be re-exported to Europe through liquefied natural gas (LNG) plants.
Israeli gas was not being sent to Egypt’s Idku LNG plant yet, but that could happen “in a few months,” Steinitz said.
He also said Israel was talking to Egypt and India about exporting surplus gas to Asia via the Suez canal, and that Egypt could in the future join Israel, Cyprus and Greece in the recently signed EastMed gas pipeline project.
Steinitz brushed off concerns over a maritime deal struck between Turkey and Libya’s internationally recognized government in November, which is seen by Greece and Cyprus as a hydrocarbons resource grab.
“Nobody can block the Mediterranean and nobody can own the Mediterranean … I don’t think this is a serious obstacle,” he said.