Leviathan Partners Sign $1.3 Billion Gas Deal With Edeltech
by Sharon Wrobel (Bloomberg Business) Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply fuel from the country’s largest gas reserves, the offshore Leviathan field.
Partners in Leviathan will supply 6 billion cubic meters of gas over 18 years to two power stations owned by local electricity producer Edeltech Group, according to a statement filed to the Tel Aviv Stock Exchange. Under a government program for the country’s gas industry approved last month, Leviathan will be developed by Texas-based Noble with Delek Drilling LP and Avner Oil Exploration LP, units of Israel’s Delek Group Ltd.
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Prime Minister Benjamin Netanyahu said last week that he is examining the possibility of a pipeline to transport gas to Europe via Greece. READ MORE
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