{"id":559399,"date":"2021-01-20T03:39:21","date_gmt":"2021-01-20T03:39:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/paving-the-way-for-the-gas-hub\/"},"modified":"2021-01-20T03:39:21","modified_gmt":"2021-01-20T03:39:21","slug":"paving-the-way-for-the-gas-hub","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/paving-the-way-for-the-gas-hub\/","title":{"rendered":"Paving the way for the gas hub"},"content":{"rendered":"

<\/a> We\u2019re on trac<\/strong>k to receive 7 bcm of natural gas from Israel through new and <\/strong>improved pipelines in the EastMed:<\/strong> Chevron, Delek Drilling and Israel Natural Gas Lines (INGL) will spend USD 235 mn to lay a new subsea pipeline and upgrade existing lines, enabling the companies to ship 7 bcm of natural gas to Egypt each year, Bloomberg<\/a> reports, citing a Delek statement. The new line will connect the Israeli coastal cities of Ashdod and Ashkelon, the latter of which is linked to Egypt via the EMG pipeline.<\/p>\n

In details:<\/strong> The new pipeline is expected to cost USD 228 mn with the remainder being spent on expanding other lines, Delek said, without specifying which pipelines would receive investment. Delek and Chevron will pay for 56% of the new line, and INGL \u2014 which will build it \u2014 will cover the remaining 44%.<\/p>\n

A year of imports:<\/strong> Egypt began importing gas from Israel\u2019s offshore Tamar and Leviathan gas fields under the landmark USD 19.5 bn<\/a> agreement in January last year<\/a>. Delek and former operator Noble Energy were reportedly<\/a> aiming to send 1.5-3 bcm Egypt\u2019s way in 2020 before gradually increasing the supply to 4-5 bcm in 2021 and 7 bcm in 2022. The agreement will see Egypt import 85.3 bcm of gas between 2020 and 2034.<\/p>\n

Chevron- The new company on the block:<\/strong> The US energy giant acquired Noble Energy<\/a> for USD 5 bn last year, giving it a 39.7% stake in Leviathan and 32.5% of Tamar.<\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re on track to receive 7 bcm of natural gas from Israel through new and improved pipelines in the EastMed: Chevron, Delek Drilling and Israel Natural Gas Lines (INGL) will spend USD 235 mn to lay a new subsea pipeline and upgrade existing lines, enabling the companies to ship 7 bcm of natural gas to […]<\/p>\n","protected":false},"author":1,"featured_media":559400,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[780,1054,93,72,89,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-chevron","tag-delek-drilling","tag-energy","tag-enterpriseam","tag-israel","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"355154ed-d968-4df5-ab54-bfeca9a341b6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/242.jpg","photo_position":"above","related_issue":[559391],"teaser":"","voice_url":""},"yoast_head":"\nPaving the way for the gas hub - 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Under the agreement, Delek and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598743,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/delek-hopes-to-start-gas-exports-to-egypt-by-the-end-of-june\/","url_meta":{"origin":559399,"position":1},"title":"Delek hopes to start gas exports to Egypt by the end of June","author":"enterpriseam admin","date":"3 June 2019","format":false,"excerpt":"Delek looks set to meet its end-of-June target to start gas exports to Egypt: Israel\u2019s Delek Drilling is on track to begin commercial sales of natural gas to Egypt by the end of the month, with technical testing on the pipelines that will carry the gas currently underway, Deputy CEO\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621354,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/06\/israel-may-struggle-to-deliver-gas-to-egypt-in-contracted-volume\/","url_meta":{"origin":559399,"position":2},"title":"Israel may struggle to deliver gas to Egypt in contracted volume","author":"enterpriseam admin","date":"6 November 2018","format":false,"excerpt":"Israel may struggle to deliver gas to Egypt in contracted volume. Israel\u2019s domestic pipeline network reportedly does not have the capacity to carry all the natural gas the Tamar and Leviathan partners have contracted to sell to Egypt, according to a report by israel\u2019s TheMarker, picked up by Haaretz. Neither\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600844,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/all-set-for-israeli-gas-coming-to-egypt-except-one-little-thing-israel-has-no-enough-pipeline-capacity\/","url_meta":{"origin":559399,"position":3},"title":"All set for Israeli gas coming to Egypt except one little thing: Israel has no enough pipeline capacity","author":"enterpriseam admin","date":"12 February 2019","format":false,"excerpt":"Israel is struggling to find a way to export its gas to Egypt. The southern Israeli gas pipeline that is meant to carry gas from the Leviathan and Tamar fields to the East Mediterranean Gas (EMG) pipeline into Egypt does not have the capacity to carry the volumes the fields\u2019\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631053,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/08\/all-conditions-met-to-export-gas-from-leviathan-to-jordan-partners-say\/","url_meta":{"origin":559399,"position":4},"title":"All conditions met to export gas from Leviathan to Jordan, partners say","author":"enterpriseam admin","date":"8 March 2018","format":false,"excerpt":"The partners in Israel\u2019s natural gas field Leviathan announced that all conditions have been met to allow the supply of gas to Jordan\u2019s electric company, Reuters reports. \u201cThey said the capacity of the pipeline that will connect to Jordan via a direct pipeline and one that runs via Egypt would\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621947,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/egypt-finalizes-settlement-with-israel-on-usd-1-76-bn-intl-arbitration-ruling\/","url_meta":{"origin":559399,"position":5},"title":"Egypt finalizes settlement with Israel on USD 1.76 bn int\u2019l arbitration ruling","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"Egypt finalizes settlement with Israel on USD 1.76 bn int\u2019l arbitration ruling: The Madbouly government has finalized a settlement to reduce a USD 1.76 bn award Israeli Electric Company won in 2012 against EGAS, EGPC and East Mediterranean Gas (EMG), unnamed government sources told the domestic press. 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