Leviathan gas to supply Israeli market

2 Feb 2016   Israel

The partners controlling the Leviathan gas field off the Israeli coast announced they signed a deal for deliveries to a local electricity producer. Israeli electric company Edeltech Ltd. agreed to take on natural gas from the offshore field from Texas-based Noble Energy, along with Delek Drilling and Avner Oil Exploration. Delek Drilling CEO Yossi Abu was quoted by Bloomberg News as saying the deal “marks a beginning” for the Leviathan field. Leviathan is among the largest natural gas fields in production in the world. Israeli Prime Minister Benjamin Netanyahu has said the full development of offshore natural gas reserves would be “for the benefit of the citizens of Israel.” Last year, the Israeli partners expressed interest in coordinating gas deliveries […]

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