Yes, Israel Trusting Egypt With Its Natural Gas Wealth Makes Sense

Before you go, we thought you'd like these...
Before you go close icon

Oh, how times have changed. If Israel had discovered its natural gas fields several years ago, it would have seemed absurd that it would build a pipeline to Egypt so that much of that gas can be exported to the world. Today, though, that is exactly what Noble Energy and its partners in the Leviathan gas field plan to do. The group has recently signed a 15-year supply contract with a LNG export terminal, operated by British company BG Group, that will be equivalent to almost 20% of the proved reserves in the Leviathan field.

While it may seem slightly odd to see this kind of cooperation between Israel and one of its neighbors, this deal was quite possibly the best method Israel could benefit from its new found wealth of natural gas. Find out why this is the case by tuning into the video below.

This 1 stock is looking to put Middle East oil out of business
Oil and gas production from places all over the world is changing the dynamics of the market. Much of that movement has been thanks to major strides in oil and gas drilling technology, and one behind-the-scenes energy giant is at the epicenter of this movement. Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click here to uncover the name of this industry-leading stock.


The article Yes, Israel Trusting Egypt With Its Natural Gas Wealth Makes Sense originally appeared on Fool.com.

Tyler Crowe has no position in any stocks mentioned. You can follow Tyler at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter,@TylerCroweFool. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
Rescuer Sees Bumps All Over This Dog's Skin - Then X-Rays Reveal The Tragic Story Rescuer Sees Bumps All Over This Dog's Skin - Then X-Rays Reveal The Tragic Story