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Tamar Partners Sign Letter Of Intent To Supply Gazprom With LNG

JERUSALEM -(Dow Jones)- The Israeli partners in the offshore Tamar natural gas field said Thursday that they have signed a letter of intent to sell liquefied natural gas to a unit of Russian energy giant OAO Gazprom (GAZP.RS). The partners, which include Delek Group Ltd. (DLEKG.TV) subsidiaries Avner Oil Exploration (AVNR.L.TV) and Delek Drilling LP (DEDR.L.TV) , didn't say how much gas Gazprom would want to buy, and said the price would be based on the market price of natural gas in Asia. The Tamar underwater field contains an estimated 9 trillion cubic feet of natural gas and is scheduled to begin production next year. The Tamar partners have already signed several contracts to supply Israeli-based customers, including the state-owned electric company, with natural gas once production begins. Avner and Delek Drilling said a contract with Gazprom wouldn't limit its ability to meet Israel's natural gas needs. At 1250GMT, shares of Delek Drilling were up 0.09 shekels, or 0.7%, at ILS13.94 ($3.68), and shares of Avner were up ILS0.013, or 0.5%, at ILS2.518, in a lower Tel Aviv market. U.S.-based Noble Energy Inc. (NBL) owns 36% of Tamar. -By Sara Toth Stub, Contributing to Dow Jones Newswires, saratoth@gmail.com

Stock News for Noble (NBL)
DateTimeHeadline
03/27/201511:22:50Proxy Statement (definitive) (def 14a)
03/26/201507:31:37The United States Shale Boom: The Reasoning For The Low Price...
03/25/201516:38:02Current Report Filing (8-k)
03/18/201506:50:37Dolphinus to buy $1.2B of gas from Tamar field
03/17/201519:40:30EIA: Oil production falling at Eagle Ford, Bakken, Niobrara shale...
03/17/201519:12:39Analysis: ConocoPhillips may withstand oil price disruption better...
03/15/201506:57:31Dividend Challengers (And Near-Challengers): 51 Increases Expected...
03/13/201512:10:58Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/11/201507:49:56Palestine power firm nixes deal to buy Leviathan natural gas
03/10/201514:22:00CONE Midstream Announces 2014 K-1 Tax Package Availability
03/07/201508:25:00Investors again warm to oil stocks, sparking surge in equity...
03/04/201514:15:41Statement of Changes in Beneficial Ownership (4)
03/04/201514:08:34Statement of Changes in Beneficial Ownership (4)
03/03/201515:48:42Current Report Filing (8-k)
03/02/201505:31:08Steel Is At 5-Year Lows - Cramer's Lightning Round (2/27/15)
02/26/201508:20:00Noble Energy Announces Pricing Of Common Stock Offering
02/26/201507:55:26Correction to Headlines Attributed to Consolidated Energy
02/26/201507:00:00CONE Midstream Reports Strong Fourth Quarter Results
02/25/201517:56:16Noble Energy, Plains All American Unveil Equity Offerings
02/25/201516:05:00Noble Energy Announces Common Stock Offering

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