Israel, Egypt holding talks on new onshore pipeline -ministry New pipeline expected to cost $200 mln -industry sources Pipeline will boost exports by 3 to 5 bcm/year -industry sources LONDON, Oct 21 (Reuters) – Israel is considering the construction of a new onshore pipeline to Egypt in order to quickly boost natural gas exports to its neighbour in the wake of the recent tightening of global supplies, the Israeli energy ministry said. 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, industry sources who are close to the discussions told Reuters. A new onshore pipeline, coupled with plans to construct a second subsea pipeline to Egypt within a few years, will further cement Israel’s position as a key energy hub in the eastern Mediterranean which […]