Israeli cabinet votes for natural gas deal

Israeli cabinet votes for natural gas deal

Israel’s Cabinet has approved the outline to increase the quantity of natural gas produced at the Tamar natural gas field and to rapidly develop the Leviathan, Karish and Tanin natural gas fields.

Prime Minister Benjamin Netanyahu said the deal will bring hundreds of billions of shekels for education, health, social welfare and other national needs, reveals a statement by the prime minister’s office.

Under the terms of the approved deal, Delek Group will sell its stake in the Tamar, Karish and Tanin gas fields while Noble Energy is bound to reduce its holding in Tamar gas field to 25% within six years.

Tamar field is operated by Noble Energy with a 36% working interest. Other interest owners are Isramco Negev 2 with 28.75 percent, Delek Drilling with 15.6 percent, Avner Oil Exploration with 15.6 percent, and Dor Gas Exploration with the remaining four percent.


LNG World News Staff; Image:

Share this article

Follow LNG World News


<< Dec 2019 >>
25 26 27 28 29 30 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 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >