Dolphinus Gas Supply Agreement (DFC-2019-DOLPHINUSGASS)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Noble Energy Mediterranean Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 4, 2020


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Project Description

According to bank documents, the project  is the supply of gas by Noble Energy Mediterranean Limited ("NEML") and Delek Drilling, LP (“Delek”) to Dolphinus Holdings Limited, a privately owned Egyptian gas trading company incorporated and existing under the laws of the British Virgin Islands (“Dolphinus”), pursuant to two 10 year gas sale and purchase agreements (each a “GSPA”, and jointly, the “GSPAs”) from the Tamar and Leviathan gas fields offshore Israel (the “Tamar and Leviathan Fields”). The two GSPAs together provide for the sale of up to 64 billion cubic meters (“bcm”) of natural gas to Dolphinus (the “Project”). 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

*Contact information not provided at the time of disclosure*