Partners in Israel’s Tamar natural gas field this week signed two 15-year gas sales deals worth an estimated $1.75bn.

The latest deal was announced on Wednesday with the privately owned Alon Tavor and the Ramat Gavriel power plants near Nazareth in the north of the country. This will see the Tamar field supply 4.5 billion cubic meters (bcm) of gas to the two power companies over 15 years, estimated to be worth $1bn. This implies average supplies of a relatively modest 29mn cfd at an average price of $6.29/’000 cu ft. (CONTINUED - 336 WORDS)