Noble Energy completed its acquisition of a stake in Eastern Mediterranean Gas Company for $185m.

Noble Energy, an independent oil and natural gas exploration and production company, completed its acquisition of a 39% stake in Eastern Mediterranean Gas Company, which owns the EMG Pipeline, for $185m. “The closing of the EMG acquisition will support delivery of natural gas from the Tamar and Leviathan fields into Egypt, and represents a major milestone toward Egypt’s goal of becoming a regional energy hub. This acquisition, combined with our recently announced Dolphinus gas sales contracts offtake increases, provides further confidence in both the long-term export market and growing cash flows from our Eastern Mediterranean assets.” J. Keith Elliott, Noble Energy Senior Vice President, Offshore.