Israel’s Edeltech seeks deal for more natural gas from Leviathan

Israel’s Edeltech seeks deal for more natural gas from Leviathan

The partners in Israel’s giant natural gas field Leviathan said on Tuesday they have signed a non-binding letter of intent to supply natural gas to Edeltech, an Israeli private power provider.

The two sides are negotiating terms of a potential binding deal, which would include the supply of 14.8 billion cubic meters of gas over 17 years, the Israeli partners Delek Drilling and Avner Oil said in a statement.

Delek Drilling and Avner each hold 22.67 percent of Leviathan, while Texas-based Noble Energy owns 39.66 percent.

Such a deal would be in addition to a supply deal signed between the Leviathan partners and Edeltech a year ago.

http://www.hellenicshippingnews.com/israels-edeltech-seeks-deal-for-more-natural-gas-from-leviathan/

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