US firm Noble Energy operates both of the key gas fields off Israel – 22tcf Leviathan (Noble 39.7%), which entered production at the end of 2019 and 11tcf Tamar (25%) which has produced since 2013. Indebted local firm Delek (MEES, 15 May) is the key partner at both.
With Noble’s revenue from its core US shale assets having collapsed, it hopes steady fixed-price gas sales to Israel and neighboring Egypt and Jordan will provide the type of counterbalance fellow Houston-based firm Apache has touted in Egypt (MEES, 15 May). (CONTINUED - 426 WORDS)
