Partners sanction development of Israel's Leviathan gas field

摘要

The partners in Israel's huge offshore Leviathan gas field have given the final go-ahead for development. The field is located off Israel's Mediterranean coast and holds estimated reserves of 620 Bcm. Delek Group said operator Noble Energy had given its final commitment for developing the first stage of the field. The statement said the final investment decision had been taken February 23 by the partners �C Noble Energy, Delek Group and Ratio Oil Exploration. Israeli energy industry sources said the announcement had been delayed by several weeks pending clarifications on an agreement signed late last year to supply Jordan's National Electric Power Co. with 45 Bcm of gas over 15 years.