Gas exports by pipeline from Israel to Egypt are on course to begin by the end of 2019 after a 39% stake in the idled EMG pipeline was transferred at the weekend to a new owner, paving the way for supplies to begin. Israel’s Delek Drilling — together with US producer Noble Energy and Egyptian-owned Sphinx -? agreed in September last year to buy the stake in the EMG pipeline for $518 million as part of plans to use the pipeline in reverse for Israeli gas to flow to Egypt. On Sunday, Delek said the deal would close in coming days after the purchased EMG shares were transferred from the sellers to the Delek/Noble/Sphinx group, named EMED. Delek said “no conditions precedent remain for the EMG transaction”, adding that upon the transfer of the full amount of the payment from an escrow account to the sellers — […]