Investment decision reached for Israeli gas giant

24 Feb 2017   Israel

The partnership in control of Leviathan, among the largest gas fields in the world, said they reached an investment decision that envisions flows by 2019. Delek Group and its partners said Thursday they’d spend about $3.75 billion on development of the first phase of Leviathan, which envisions a production capacity of about 1.2 billion cubic feet per day. The piping of gas to its slated destinations is expected by the end of 2019. Delek Group President and CEO Asaf Bartfeld said the investment decision was a win-win for all players involved. “Developing Leviathan and pursuing more export agreements, coupled with supply to the domestic market, will ensure energy security for Israel and will add […]

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