The partners in Israel’s 2010, 22 tcf Leviathan gas discovery are edging towards reaching a final investment decision (FID) on the giant field. Majority shareholder, Tel-Aviv based Delek, signed a conditional $1.75bn loan agreement with HSBC and JP Morgan on 26 November (MEES, 2 December 2016).
But despite the boards of both Delek (45.34%) and fellow Israeli partner Ratio (15%) giving the go-ahead for FID, the field’s operator, US-firm Noble (39.66%), has remained more cautious and has not yet sanctioned the field’s development. (CONTINUED - 1231 WORDS)
