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Tuesday, December 22, 2015

Israel accept development of giant offshore gas fields

srael has greenlighted the respective development and expansion of Leviathan and Tamar natural gas fields in the Mediterranean Sea.
Noble Energy Inc., Houston, says it was notified by the Israeli government that it will implement a natural gas framework, resolving and providing exemption from claims of the antitrust authority with respect to the Leviathan partners’ acquisition of petroleum rights in the underlying permits (OGJ Online, Sept. 4, 2015).
The framework also enables marketing of Leviathan gas to Israeli customers for the first time. The development of Leviathan will substantially expand Noble’s capacity to deliver gas to Israel and the region, as well as provide a second source of domestic natural gas supply and redundancy of infrastructure for Israel


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