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Wednesday, 26 August 2020

Egypt and Jordan purchase USD 560 mn worth of gas from Israeli Leviathan field in 1H2020

And speaking of EastMed: Egypt and Jordan purchased USD 560 mn-worth of gas from Israel’s Leviathan in 1H2020. Egypt’s Dolphinus Holding and Jordan’s National Electric Power Company (NEPCO) bought a combined 4 bcm of natural gas from the Israeli Leviathan field during 1H2020 worth some USD 560 mn, Haaretz reports. Egypt received its first natural gas shipment from the Israeli concession earlier this year, almost two years after the countries signed a landmark USD 15 bn agreement import agreement that would see more than 85 bcm of gas delivered to Egypt over the next 15 years. Exact figures on the breakdown of the aggregate sales were not specified however.

(Editor’s Note- The Haaretz article says 1H2019, but since Israel didn’t start selling gas until January 2020, it’s a safe assumption that it meant 1H2020).

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