Texas-based Noble Energy, operator of Israel’s flagship 22 tcf Leviathan offshore gas development, says it has “up to 525mn cfd” of gas sales deal in place, with “pretty clear line of sight” on getting to the 1bn cfd total on which Phase 1 development is based.
Both figures look questionable. The 525mn cfd figure is substantially higher than the 455mn cfd (as averaged over the duration of the respective contracts) implied by individual deal announcements (see table and MEES, 6 January). (CONTINUED - 1883 WORDS)
