Delek Drilling exploring options with Egyptian LNG facilities
Published by Will Owen,
Editor
LNG Industry,
According to Reuters, Israel’s Delek Drilling is currently exploring natural gas export opportunities with Egypt. Possible options on the table reportedly include the possibility of buying into an LNG terminal on Egypt’s northern coast.
Delek has existing partnerships with offshore gas fields in Israel and Cyprus, in addition to signed natural gas export deals with Egypt. The company is now looking to increase its exports of natural gas to Egypt.
According to its 2018 annual report, arrangements with LNG terminals in northern Egypt offer one way to increase Delek’s sales. These arrangements could reportedly take the form of either buying into the facilities themselves, or by simply purchasing liquefaction capacity.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/26032019/delek-drilling-exploring-options-with-egyptian-lng-facilities/
You might also like
Scale Gas and Knutsen inaugurate first LNG bunkering barge built in Spain
Enagás subsidiary, Scale Gas, and Knutsen have presented the first ship LNG bunkering barge built in Spain at the Barcelona Regasification Plant.