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Israel's Delek Energy CEO says eyeing gas exports to Jordan, Cyprus

Increase font size  Decrease font size Date:2011-03-08   Views:704
Israel's Delek Energy is studying the possibility of export of natural gas from the Tamar field to Jordan and Cyprus, CEO and President Gideon Tadmor said at an energy conference in Tel Aviv late Wednesday.

"The matter is at the initial stage of examination by Delek and other parties," he said.

Tadmor noted that Cyprus was about to sign an expensive long-term LNG purchase deal and decided to reconsider it in the light of the huge quantities of gas discovered off Israel's northern Mediterranean coast.

Last week, Israel's National Infrastructure Minister Uzi Landau expressed support for the sale of natural gas to Jordan and the Palestinians.

In January, Cyprus Commerce Minister Antonis Paschalides said that Royal Dutch Shell had made the best offer to supply the country with natural gas.

According to state-owned Natural Gas Public Company, Shell made a $5.9 billion offer to supply LNG over a 20-year period. But Cypriot sources said recently that the project had been put on hold following recent gas discoveries off Israel's Mediterranean coast.

The Tamar field is being developed by Noble Energy, Delek Drilling, Avner Oil and Gas, Isramco and Alon Gas Exploration and supplies are expected to reach the local market in 2013.
 
 
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