The Wave barrier in Idku. (EgyptianLNG)
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The partners in Israel's giant Leviathan natural gas field said they had signed a preliminary agreement with British oil and gas company BG Group to negotiate a deal to export gas to BG's liquefied natural gas plant in Egypt.Under the deal, Leviathan – off Israel's Mediterranean coast – would supply 7 billion cubic meters annually for 15 years via an underwater pipeline, the partners said in a statement Sunday. The deal would be among the largest in Israel's fledgling energy sector and would help the partners develop Leviathan – which holds an estimated 19 trillion cubic feet of gas (530 bcm) and is expected to go online in 2017 .BG said the Leviathan talks were one of several options it was considering to increase the supply of gas to its Egyptian plant.
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