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Delek Group ( (IL:DLEKG) ) has shared an announcement.
Delek Group has announced a non-binding memorandum of understanding for exporting natural gas from the Aphrodite reservoir in Cyprus to Egypt, in collaboration with the Egyptian Natural Gas Holding Company. This agreement aims to establish a framework for cooperation and information exchange that could lead to the future export of natural gas, potentially benefiting the economies of Cyprus and Egypt. The understanding is a crucial step towards developing the Aphrodite reservoir and involves exploring various export options, including pipeline and LNG, to reach a final investment decision.
More about Delek Group
Delek Group is a company involved in the energy sector, primarily focusing on the exploration, production, and export of natural gas. The company is actively engaged in developing energy resources and infrastructure, with a market focus on expanding its operations and partnerships within the Eastern Mediterranean region.
YTD Price Performance: 18.49%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.92B
Learn more about DLEKG stock on TipRanks’ Stock Analysis page.
