Initial development plan for the Leviathan gas field has been submitted to the Israeli authorities by the group led by Noble Energy and Israel’s Delek Group.
After months of determining the best way to develop the Leviathan field, some 130 kilometres off Israel’s coast the group submitted a proposal that could reach $6.5 billion, reports Reuters.
The first stage will include an FPSO unit transporting 16 bcm of gas via pipelines to Israel, the Palestinian Authority and other interested parties.
After the negotiations to bring in Australian LNG player Woodside failed, the Leviathan partners are now in talks with BG Group that needs gas for its Egyptian LNG export facility. The group is also mulling over a deal with Jordan’s national electricity company.
LNG World News Staff, September 30, 2014; Image: Noble Energy