Reuters exclusively reports Israel considering new pipeline to boost gas exports to Egypt

Reuters exclusively reported that Israel is considering the construction of a new onshore pipeline to Egypt to quickly boost natural gas exports to its neighbor in the wake of the recent tightening of global supplies. The pipeline, which will connect the Israeli and Egyptian natural gas grids through the north of the Sinai Peninsula, is estimated to cost around $200 million and could be operational within 24 months. The pipeline will be owned by Israeli national distribution company Israel Natural Gas Lines and its route is in the process of getting approvals from local authorities.