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Companies developing Israel's largest natural gas reservoir are negotiating an alternative delivery route to key target market Egypt to skirt financial disputes that have held up an export deal, to people in Egypt and Israel familiar with the matter said. Israel's Delek Group Ltd. and Houston-based Noble Energy Inc., the major stakeholders in the Leviathan gas field, are in talks to sell about 3 billion cubic meters a year to Egypt's Dolphinus Holdings Ltd., according to Dolphinus' co-founder, Alaa Arafa. The gas would reach Egypt via a pipeline in Jordan operated by Jordanian Egyptian Fajr for Natural Gas Transmission and Supply, instead of a more direct route through Egypt's Sinai desert that has been inactive for years, people in Israel said, speaking on condition of anonymity because the talks are private.
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