New pipeline to boost Israel’s gas export to Egypt
Partners in Israel’s largest natural gas fields Leviathan and Tamar will invest in new pipeline system to export the fuel to Egypt.
Chevron, as the operator of both gas fields, has entered into an agreement with Israel Natural Gas Lines (INGL) for the provision of transmission services of natural gas from the Tamar reservoir and Leviathan reservoir.
According to the stakeholder Delek Drilling, INGL will construct a transmission system between the Israeli cities of Ashdod and Ashkelon.
The Leviathan and Tamar partners will pay 56.5 per cent of the overall cost of construction of the Ashdod-Ashkelon pipeline, which is estimated at 738 million Israeli shekels ($228 million).
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