Israel’s partners on the Leviathan offshore natural gas field, have announced on Wednesday that they have signed an introductory deal to supply gas to Egypt through an existing underwater pipeline to the Sinai Peninsula.

Leviathan is a gas field owned by a group led by Texas-based Noble Energy and Israeli conglomerate Delek Group.

The deal allows the Leviathan field (which is anticipated to commence production in 2019-2020) to supply Egypt's Dolphinus Holdings with about 4 billion cubic meters of gas annually for 10 to 15 years.

According to the partners, the price of gas is related to other contracts and is connected to the price of Brent oil.

Dolphinus Holdings, represents the non-governmental, industrial and commercial consumers in Egypt, Reuters reports.