Dalia Power Energies and Israel Electric Corporation Have Signed Letters of Intent for Gas from Tamar

摘要

The consortium led by Noble Energy Inc., the operator of the Tamar field on the Matan tract, has signed two letters of intent (LOIs) for the sale of natural gas from Tamar to the Israeli company Dalia Power Energies, on the one hand, and Israel Electric Corporation (IEC), on the other. Noble Energy explained that the LOI signed with Dalia was for the supply of around 200 billion cu ft of gas over 17 years, adding that the deal was expected to generate total revenues of at least $1 billion. Under the terms of the LOI, the volume supplied could be increased to 700 billion cu ft, depending on the final capacity of the power station that Dalia Power Energies is planning to develop. Dalia Power Energies is a privately-owned company that has obtained a building permit for a gas-fired power station in Israel, which is due to start up in 2013.