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Talks Underway to Build Gas Pipeline to Egypt, Israel Says
(Bloomberg) Mirette Magdy - Talks are in progress to build an underwater natural gas pipeline from Israel's offshore Leviathan and Tamar fields to Egypt's existing liquefied natural gas plants for processing and re-export, Israeli Energy Minister Yuval Steinitz said Tuesday in Cairo at the first East Mediterranean Gas Forum. The new line would allow Israel to export much more to Egypt than the maximum 7 billion cubic meters per year that can flow through the existing EMG pipeline connecting Israel to Egypt's Sinai. Steinitz said Egypt would begin to receive significant quantities of Israeli gas through the EMG pipeline in October.