Partners in the Tamar natural gas field offshore Israel said they have extended the deadline for a deal to supply gas to UFG’s liquefaction facilities in Damietta, Egypt.
The Tamar partners said on May 5 that they have signed a letter of intent with UFG to supply 2.5 trillion cubic feet (Tcf) of natural gas over a 15-year period.
While the initial period of negotiations was only supposed to last five months, the partners said they extended the period in order to continue negotiations “which are in advanced stages towards completion and sigining of the binging agreement.”
Noble Energy operates Tamar with a 36 percent 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, November 7, 2014; Image: UFG