Israel’s Delek Group, one of the major players in the country’s recent offshore natural gas discoveries, is close to concluding a series of fund raising efforts to lift its $2.04bn share of the estimated $4.5bn development costs of Israel’s giant 19 tcf offshore Leviathan field.

Most recently, on 8 June the company announced it is selling 100% of ‘Delek Europe’ – which operates 1,230 Texaco-branded gas stations and 935 convenience stores – to UK-based private equity firm TDR Capital for $485mn. (CONTINUED - 777 WORDS)