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2014-09-04 17:55:00

LEVIATHAN: $15 BLN

LEVIATHAN: $15 BLN

Israel is in advanced negotiations to supply natural gas from its vast Leviathan field to Arab peace partner Jordan under a 15-year, $15 billion agreement, the Israeli government, gas operators and industry officials said on Wednesday.

The deal would involve the supply of 1.6 trillion cubic feet (tcf, 45 billion cubic metres) of gas over the course of the agreement to Jordan's National Electric Power Co., Texas-based Noble Energy, a partner in Leviathan, said.

While a memorandum of understanding has been signed between the parties, negotiations over the price, regulatory approval and other details are only expected…

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Tags: ISRAEL, LEVIATHAN, GAS, JORDAN, NOBLE, LNG, EGYPT
Chronicle:
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