Delek is a partner in offshore gas fields in Israel and Cyprus and has already signed export deals to Egypt.

The company said in its 2018 annual report that one channel to increase sales could be through LNG plants near Idku and Damietta along the Mediterranean coast, and that it was "examining various arrangements with the owners of the liquefaction facilities".

This could include purchasing liquefaction capacity or even buying into the plants themselves, Delek said.