An Israeli consortium signed a $10b deal with Jordan’s National Electric Power Company in order to supply 1.6tcf of gas from Leviathan natural gas field for 15 years, reported Reuters.
The Leviathan consortium includes the US-based Noble Energy, Ratio Oil, Israel’s Delek Group and its subsidiaries Avner Oil and Delek Drilling. The deal is expected to help the U.S.-Israeli group secure funds to bring the field online, with production predicted to begin in 2019 or 2020, according to Times of Israel. Leviathan natural gas field was discovered in the eastern Mediterranean in 2010 and estimated to hold 18.9tcf of natural gas, along with 34.1mb of condensate.
In related news, the Leviathan group has also been in talks to export much more gas to companies in Egypt, and there have been contacts with Turkey, Cyprus and Greece on potential cooperation, either for the export or trans-shipment of gas.