In February, Noble Energy and its partners reached an agreement with the Egyptian company Dolphinus Holdings to sell gas from offshore Israel to Egypt, a deal that could jumpstart a much wider campaign to develop natural gas in the Eastern Mediterranean. The deal is politically risky for Egypt, where dealings with Israel have historically been taboo. Nevertheless, after years of halting progress, the agreement is bolstering the region’s bid to transform itself into a sizable source of gas production, and potentially, exports. Israel has been trying to develop the large gas deposits in the Eastern Mediterranean for more than a decade, with some success and some setbacks. Noble Energy leads a team that discovered two very large gas fields is Israeli waters, bringing some production online in recent years. But the company is still trying to scale up development. Regulatory challenges from Israel forced the consortium to sell off […]