Israeli power to get gas from huge offshore field

2 Dec 2016   Israel

The partners tapping into one of the largest natural gas fields ever discovered off the coast of Israel said they brokered a power deal worth $2 billion. Delek Drilling, Texas-based Noble Energy, Israel’s Avner Oil and Ratio Oil, a collective working to exploit the Leviathan natural gas field in the Mediterranean Sea, said they reached an agreement with Dalia, the largest private power plant in Israel, to supply fuel for up to 20 years once production begins. The Leviathan partners said that, in their opinion, cumulative revenues for the sales agreement “is likely to come to $2 billion,” assuming Dalia takes on the full amount of gas outlined in the terms of the deal. Leviathan is expected to start […]

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