Delek accepts tender extension for gas supply to Cyprus

Delek accepts tender extension for gas supply to Cyprus

Delek Group’s gas subsidiaries accepted on Tuesday a request from DEFA of Cyprus to postpone the period of validity of the proposal and acceptance in its terms of a binding agreement for the supply of natural gas through pipelines from the Leviathan project, from August 15, 2014 to November 30, 2014.

“Accordingly, after the proposal has been recognized as eligible and DEFA begins with the commercial examination process, negotiations are expected to take place between DEFA and the bidders in the near future,” Delek said in a statement.

Noble Energy is the operator of the Leviathan project with a 39.66 percent stake. Avner Oil and Delek Drilling, subsidiaries of Delek Group, hold a combined 45.34 percent, and Ratio Oil has the remaining 15 percent.

 

LNG World News Staff, August 14, 2014; Image: Noble

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