Leviathan Partners Sign $1.3 Billion Gas Deal With Edeltech
- Noble, Israeli Explorers to Supply Local Electricity Producer
- Contract Is First From Nation's Largest Offshore Field
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Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply fuel from the country’s largest gas reserves, the offshore Leviathan field.
Partners in Leviathan will supply 6 billion cubic meters of gas over 18 years to two power stations owned by local electricity producer Edeltech Group, according to a statement filed to the Tel Aviv Stock Exchange. Under a government program for the country’s gas industry approved last month, Leviathan will be developed by Texas-based Noble with Delek Drilling LP and Avner Oil Exploration LP, units of Israel’s Delek Group Ltd.