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Delek and Noble, key partners in Israel’s Leviathan and Tamar offshore gas fields are taking steps to move forward with development, whether or not Australia’s Woodside takes a Leviathan stake. But their dominance in the Israeli gas sector has caught the attention of the antitrust authorities.
Israel’s privately-owned Delek Group, majority owner of Israel’s 19 tcf Leviathan field, this week raised $2bn through a bond to fund its share of development costs.
Delek has 45.34% of Leviathan, whilst Texas-based Noble Energy is operator with 39.66%. The two are also partners at the nearby 10 tcf Tamar field; Delek says the latest funds will also be used to increase capacity here. (CONTINUED - 776 WORDS)
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