Tamar, Mashav Ink Gas Deal

Tamar partners have announced that they will supply natural gas to Mashav Initiation and Development Ltd. for the company's cement and power units in Ramle.

In a $680 million deal, Tamar will supply 200 billion cubic meters of natural gas per year for the period of 15 years or until Mashav consumes the total contractual quantity set out in the agreement, whichever comes first. Deliveries are likely to commence in the second half of 2013.

Tamar is promoted by Noble Energy Inc., Delek Group, and Isramco.