Israel’s Cabinet this week greenlighted the construction of a proposed 65km, 6bcm/y (580mn cfd) pipeline that will link the country’s southern gas network with Egypt’s Sinai Peninsula.

Partners in Israel’s two key producing gas fields 23tcf Leviathan and 13tcf Tamar, both operated by Chevron, have committed to pay for the $245mn (IS900mn) cost of the route, which rises to $350mn once an additional compression station at Ramat Hovav is added in (MEES, 7 April). (CONTINUED - 673 WORDS)