Tuesday February 20, 2018

I've Been Thinking:

Israeli energy company Delek, which is owned by Nobel Energy, signed a $15 billion deal with Egypt to provide the Egyptians with natural gas over the next 10 years.

This is the largest contract yet for the off shore, natural gas fields that the Israelis tapped and have been operating since 2016.

Jordan also has an agreement with Israel. Israel will deliver natural gas in exchange for $10 billion over a 15 year period.

Israel is becoming a regional provider of natural gas. Arab nations are signing up for their natural gas. It is another one of those counter intuitive situations. Israel is now supplying the Arab world with energy.

Arab countries are already importing Israeli energy - other countries and other products are sure to follow.

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