Delek

Gas from Israel's Leviathan could reach markets by late 2019: Company

Partners in Israel's Leviathan natural gas field could reach a final investment decision by the end of 2016 if government and regulatory approvals are granted as hoped, an official of the companies involved said.

That would enable the first gas from the field to reach markets by the last quarter of 2019, Bini Zomer, the Israel country manager for Noble Energy, said on Jan. 31.

Israeli firms in talks to buy natural gas from Leviathan

The partners in Israel's offshore Leviathan natural gas site said on Jan. 7 they were in talks to supply gas to a number of Israeli companies.

In a statement to the Tel Aviv Stock Exchange, units of Delek Group said the firms were private electricity producers and industrial companies but did not offer further details.

Cyprus gas field commercially viable; pipeline to Egypt planned

Cyprus got a fillip over the weekend when partners exploiting a natural gas field off the island announced that the Aphrodite field is viable and could yield up to eight eight billion cubic meters (bcm) a year.
The news also included plans for the construction of a pipeline to Egypt, Reuters reports out of Jerusalem.

France's Total to press on with Cyprus oil and gas search

French energy giant Total will press ahead with its search for oil and gas off the coast of Cyprus, officials announced on Wednesday, weeks after the company indicated it might withdraw.

The announcement came following the signing of a deal by Energy Minister Giorgos Lakkotrypis and Total?s Cyprus operations chief Jean-Luc Porcheron, Cypriot officials said.

US, Israeli gas field control nixed over monopoly fears

Israel's Antitrust Authority said Dec. 23 that U.S. giant Noble Energy and its Israeli partner Delek would not be able to continue holding offshore gas field Leviathan over monopoly concerns.

The decision, pending a confirmation hearing, effectively dismantles the monopoly held by Noble and Delek over Leviathan and Israel's smaller offshore gas findings.

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