Israeli gas group in talks on pipelines to Turkey, Jordan, Egypt
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Israeli gas group in talks on pipelines to Turkey, Jordan, Egypt

The companies that are mining Israel's offshore gas riches want to sell some of it to countries across the Middle East

The Tamar gas rig, located 90 kilometers west of the city of Haifa in northern Israel. (AP/Albatross Aerial Perspective)
The Tamar gas rig, located 90 kilometers west of the city of Haifa in northern Israel. (AP/Albatross Aerial Perspective)

JTA — An Israeli energy company announced plans to export natural gas via pipelines through Turkey and other countries in the Middle East.

The Delek Group, the parent firm for several energy and gas exploration companies, said in its new prospectus that it plans to export some of the newly discovered natural gas off the Mediterranean cost to Europe via pipelines to Jordan, Turkey, Egypt and the Palestinian Authority, the Israeli business daily Globes reported Tuesday.

Delek Group is in advanced talks with companies in those countries about buying Israeli gas and building pipelines, Reuters reported.

The group also has talked about building a liquefied natural gas facility in Israel.

Israel’s Cabinet in June approved a decision to export about 40 percent of the recently discovered reserves while keeping a 25-year supply for the country’s consumption. Revenue from the exported gas is expected to be about $60 billion.

 

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