Israel's Tamar Partners to Sell $20 Billion of Gas to Europe via Egypt

Letter of intent signed with Spain’s Union Fenosa Gas for 15-year contract.

The partners in Israel’s Tamar natural gas field said on Tuesday they had signed a letter of intent with Spain’s Union Fenosa Gas to export up to 4.5 billion cubic meters of gas annually over 15 years to the company’s liquefied natural gas plants in Egypt.