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Noble Energy breaks gas sales record in Israel. Leviathan 67% complete

Noble Energy said achieved its quarterly record in gas sales.


 

Jerusalem, November 2 - Neftegaz.RU. U.S. oil and gas company Noble Energy has said achieved its quarterly record in gas sales in Israel during the third quarter of the year. 

 

The company, which produces gas in Israel from its Tamar offshore field, said it had sold a record of nearly 1.1 Bcfe/d of gas equivalents, gross, from the company’s Israel assets, driven by high power demand and coal displacement.

 

 Apart from Tamar, which is the company’s only producing field in Israel, Noble is working to bring online the giant Leviathan gas field in the Mediterranean for which the final investment decision (FID) made in February 2017. The 1st phase of development of the Leviathan is expected to cost around $3.75 billion.

 

Noble said it had spent $172 million in Israel during the quarter, primarily for the development of the Leviathan project. The company said construction of the Leviathan project is 67 % complete, with anticipated 1st gas sales on schedule by the end of 2019.

 

During the 3rd quarter, Noble signed agreements for multiple transportation routes for Leviathan and Tamar natural gas exports to Egypt. Noble Energy entered into agreements to acquire an effective 10 % indirect equity ownership in the EMG Pipeline.

 

Source : Neftegaz.RU