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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
09/27/201616:29:17Statement of Changes in Beneficial Ownership (4)
09/26/201612:10:00Investors in Israeli Natural Gas Agree Jordan Supply Deal
09/26/201611:49:00Investors in Israeli Natural Gas Agree Supply Deal With Jordan
09/26/201611:48:00Investors in Israeli Natural Gas Agree Supply Deal With Jordan
09/26/201607:00:00Noble Energy Executes Leviathan Gas Sales Contract With the National...
09/23/201607:00:00Noble Energy Will Host Its Third Quarter 2016 Results Webcast...
09/20/201610:07:00Noble Midstream Partners LP Announces Closing of Initial Public...
09/15/201616:04:09Statement of Changes in Beneficial Ownership (4)
09/14/201617:11:00Noble Midstream Partners LP Announces Pricing of Initial Public...
09/14/201616:00:00Noble IPO Tests Market for Once-Hot MLPs
09/07/201606:17:00Noble Midstream Partners LP Launches Initial Public Offering
08/26/201608:00:00Noble Energy to Present at Upcoming Energy Conference
08/16/201616:46:45Statement of Changes in Beneficial Ownership (4)
08/16/201616:40:48Statement of Changes in Beneficial Ownership (4)
08/04/201606:45:00CONE Midstream Reports Second Quarter Results and Increases Guidance
08/03/201612:41:32Quarterly Report (10-q)
08/03/201609:43:00Noble Energy's Loss Widens
08/03/201607:41:02Current Report Filing (8-k)
08/03/201607:00:00Noble Energy Announces Strong Second Quarter Results, Raises...
07/29/201616:09:19Current Report Filing (8-k)

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