US major Chevron (25%), operator of Israel’s key 13tcf Tamar gas field, and its partners that include UAE state firm Mubadala (11%) are close to agreeing a deal that would see up to 43bcm of additional gas, on top of the 25.3bcm already contracted to 2034, supplied to Egypt’s state backed Blue Ocean Energy.

“The Tamar partners will undertake to supply the buyer with an additional total contract quantity of 43 bcm beyond the quantity determined in the export agreement and this by the end of the term of the export agreement [i.e. 31 December 2034],” 16.75% partner Tamar Petroleum says in a statement to the Tel Aviv Stock Exchange on 4 December. (CONTINUED - 864 WORDS)