| Israel cabinet approves deal to develop Leviathan natgas field | |
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JERUSALEM, Aug 16 (Reuters) - Israel's cabinet on Sunday approved a deal with a U.S.-Israel consortium that would move forward development of the huge Leviathan natural gas field off Israel's Mediterranean coast. Critics of the plan said the government gave into most of the companies' demands and left Noble and Delek with too much power through their control of most of Israel's gas reserves. Israel, which has gone from an energy dependent country to a potential exporter, currently receives its gas for electricity generation from Tamar, which began production in 2013. Leviathan, with estimated reserves of 22 trillion cubic feet (tcf) or 622 billion cubic metres, is slated to begin production in 2018 or 2019 and expected to supply billions of dollars of gas to Egypt and Jordan in addition to supplying Israel. One change to the initial plan is that the price of gas in the new agreements will be lower, while the developers will also commit to invest $1.5 billion in developing Leviathan in the next two years. (Reporting by Steven Scheer; Editing by Jeffrey Heller)
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Noble Energy
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CODE : NBL |
ISIN : US6550441058 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Noble Energy is a producing company based in United states of america. Noble Energy is listed in United States of America. Its market capitalisation is US$ 4.9 billions as of today (€ 4.1 billions). Its stock quote reached its highest recent level on May 09, 2008 at US$ 97.39, and its lowest recent point on August 31, 2020 at US$ 10.00. Noble Energy has 492 191 992 shares outstanding. |