Noble Energy Reportedly Holds Negotiations With Egypt


US-based Noble Energy is reportedly holding negotiations with Egyptian authorities to export gas from Israel to the North African country.

Noble is the operator of the Tamar gas field.

Israel has previously expressed its regional strategy, starting by exports to its neighbours: Jordan, Egypt and the Palestinians. Shipping gas to Egypt would also allow Israel to use Egypt’s unused export terminals to reach lucrative markets in Europe and Asia.

“Negotiations are under way about the amount of gas that can be imported,” a source told Reuters.

The region continues to be very active. On Friday, Turkey announced that in 2015 it will import 10 billion cubic meters of gas from Iran.

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