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Israel weighing $200 million pipeline to export more gas to Egypt – report

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Israel is reportedly considering a $200 million project that would connect its natural gas grid with an Egyptian grid, in an attempt to boost the Jewish state’s energy exports.

Citing Israel’s Energy Ministry and industry sources close to the discussions, Reuters reported Thursday that the new onshore pipeline, which would run through the north of the Sinai Peninsula, could be operational within two years.

The sources said the new pipeline would allow Israel to export another 3 to 5 billion cubic meters (bcm) of gas per year to Egypt, adding to the 5 bcm it is currently supplying each year via an underwater pipeline.

“Israel and Egypt are holding talks on possible........

© The Times of Israel

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