Israel Electric to buy $700M worth of gas from Leviathan field

Partners in the giant Leviathan gas field offshore Israel have signed a $700 million gas supply agreement with Israel Electric.

Delek Drilling on Wednesday said that Israel Electric would buy gas from the Leviathan field on an “available capacity basis,” at total quantity estimated at 4 billion cubic meters.

The agreement is set to take effect once the offshore Israel gas field start production, expected in October 2019. The field, sitting in the Mediterranean Sea, is operated by Noble Energy, with partners beins Delek Drilling and Ration oil Exploration.

According to Delek, said that the supply agreement with Israel Electric end on June 30, 2021, or on the date of start of the production of gas from the Energean operated Karish reservoir, whichever is earlier.

If the Karish output does not start on June 2021, the Leviathan partners and Israel Electric will be entitled to extend the current gas supply deal by mutual consent.


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply