GAS FOR EGYPT: $10 BLN
Partners in Israel's Leviathan offshore gasfield have reached a preliminary agreement to export gas to Egypt's domestic market over 10-15 years, setting up a deal worth an estimated $10bn over the period.
News of a memorandum of understanding between Leviathan and Egyptian group Dolphinus lifted Israeli energy stocks on Wednesday, after a period in which their prices had been depressed by regulatory uncertainty and concerns over competition from a newly discovered "supergiant" offshore gasfield.
Leviathan's four partners — Houston-based Noble Energy, and Israel's Delek, Avner and Ratio — said that Dolphinus…
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