Shell would pipe deliveries to its Idku LNG plant on Egypt’s Mediterranean coast. (AP Photo/Peter Dejong, File)
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Royal Dutch Shell PLC is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub.BG Group PLC had signed a non-binding, 15-year deal in 2014 to buy gas from Leviathan, but the accord was stalled by regulatory issues in Israel and by Shell's purchase of BG. Shell is now considering buying about 5 billion cubic meters of gas a year from the field, one of the people said.Delek owns a 45.3 percent stake in Leviathan – set to start production in 2019 – while Noble holds 39.7 percent and Ratio Oil Exploration 1992 LP owns the remainder. Noble also has 35 percent of Aphrodite and Delek 30 percent, along with Shell.
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