Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Development of Israel’s largest offshore gas field, the aptly named 22 tcf Leviathan, received a boost this week after the field’s partners signed their second major provisional export deal in three months.
Jordan’s National Electric Power Company (NEPCO) will take a “base gross quantity” of 1.6 tcf of gas over 15 years. In June the partners signed another non-binding letter of intent (LOI) with BG to supply the UK firms LNG liquefaction plant in Idku in Egypt with 3.75 tcf of gas over 15 years (MEES, 4 July).
This latest deal, signed with NEPCO on 3 September, could be worth $15bn according to the Israeli press while the field’s operator, Houston-based Noble Energy, says “sales volumes under the agreement are anticipated to begin at a rate of 300mn cfd.” Jordan would receive gas shortly after Leviathan comes online in either late-2017 or early-2018. Noble, which has a 39.66% stake in the field, says “delivery of natural gas is expected to occur at a border location between Israel and Jordan.” (CONTINUED - 889 WORDS)
DATA INSIDE THIS ARTICLE
|table||Leviathan Gas Sales Deals|