Leviathan Nears Completion

Israel’s dependence on one gas field is due to end by the end of the year, when Noble Energy’s 22tcf Leviathan field comes online. Noble says the project is 81% complete and is on schedule to start-up in the fourth quarter of this year.

It will provide the country with much-needed security of supply after the 11tcf Tamar field, also operated by Noble, was temporarily shut in earlier this week due to the threat of a militant attack ( MEES, 10 May ). Tamar output averaged 1.07bn cfd in Q1, a seasonal record and only just behind the quarterly record of 1.09bn cfd set in Q3 last year (see chart). (CONTINUED - 640 WORDS)

DATA INSIDE THIS ARTICLE

chart Israel: Tamar* Output Hits 1.07bn 0FDd In Q1 (Mn Cfd)