Cairo – Mubasher: Israel-based oil and gas Delek Drilling LP considers buying a stake in an Egyptian liquefied natural gas plant to expand its export business, Bloomberg reported.
The Israeli energy explorer mulls over acquiring a stake in either the Idku plant operated by Royal Dutch Shell Plc or the Damietta facility managed by Spain’s Union Fenosa, the company said in its annual report.
The company, owned by billionaire Yitzhak Tshuva, also weighs on buying capacity at the plants rather than equity stakes or enrolling their gas liquefaction services, the report added.
Last week, two sources told Bloomberg that Egypt would receive natural gas from Israel under the $15 billion deal by the middle of this year.
In February 2018, the Israeli energy conglomerate Delek Group said that the partners in Israel’s Tamar and Leviathan offshore gas fields signed 10-year agreements to export around 64 billion cubic metres of gas to the Egyptian private company.
Egyptian East Gas Co (EMG), the US’ Noble Energy Inc, and Delek signed last September a deal to buy a 39% stake in Eastern Mediterranean Gas Co at a total value of $518 million.
