Tamar Partners Sign New Gas Supply Deal
Partners in Israel's Tamar gas field have said that they are expected to ink a deal in the next few days to supply about $750 million worth of gas to IPP Delek Soreq, which is building a power plant in Israel, news agency Reuters reported citing a filing to the Tel Aviv Stock Exchange.
Total amount of gas supplied would be 3.3 billion cubic meters (bcm) over 15 years, starting first quarter of 2016, Reuters said.
The contract may be extended by two more years if after 14 years the quantity has not been fully used.
Noble Energy has a 36 percent operated working interest at Tamar, with gross mean resources of 10 trillion cubic feet (Tcf) of natural gas. Tamar was the largest deepwater natural gas discovery in the world in 2009.
Delek Group, through its units Avner Oil Exploration and Delek Drilling, holds a 31.25 percent share. Isramco Negev has 28.75 percent and Dor Gas Exploration holds the remaining 4 percent.
IPP Delek Soreq is controlled by Delek Group.
Last month, the partners signed a deal to supply gas to two Jordanian companies.
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