Tuesday, January 17, 2017

Israel's Edeltech seeks deal for more natural gas from Leviathan - REUTERS

Tue Jan 17, 2017 | 2:37am ESTReporting by Tova Cohen, Editing by Ari Rabinovitch

The partners in Israel's giant natural gas field Leviathan said on Tuesday they have signed a non-binding letter of intent to supply natural gas to Edeltech, an Israeli private power provider.

The two sides are negotiating terms of a potential binding deal, which would include the supply of 14.8 billion cubic meters of gas over 17 years, the Israeli partners Delek Drilling and Avner Oil said in a statement.

Delek Drilling and Avner each hold 22.67 percent of Leviathan, while Texas-based Noble Energy owns 39.66 percent.

Such a deal would be in addition to a supply deal signed between the Leviathan partners and Edeltech a year ago. 


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