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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, [email protected]

Stock News for Noble (NBL)
DateTimeHeadline
02/24/201716:34:31Current Report Filing (8-k)
02/23/201706:30:00Noble Energy Sanctions Leviathan Project Offshore Israel
02/16/201706:45:00CONE Midstream Reports Fourth Quarter and Full Year 2016 Results...
02/14/201711:44:42Amended Statement of Ownership (sc 13g/a)
02/14/201710:55:29Statement of Ownership (sc 13g)
02/14/201710:49:49Annual Report (10-k)
02/13/201718:09:00Noble Energy's Loss Narrows
02/13/201717:31:22Amended Statement of Ownership (sc 13g/a)
02/13/201717:08:42Amended Statement of Ownership (sc 13g/a)
02/13/201716:49:01Current Report Filing (8-k)
02/13/201716:35:00Noble Energy Provides Detailed 2017 Outlook and Guidance
02/13/201716:30:00Noble Energy Announces Fourth Quarter And Year-End 2016 Results
02/10/201713:01:24Amended Statement of Ownership (sc 13g/a)
02/08/201706:02:30Statement of Ownership (sc 13g)
02/07/201716:41:12Statement of Changes in Beneficial Ownership (4)
02/03/201716:15:00Noble Energy to Present at Upcoming Energy Conference
02/02/201717:07:06Statement of Changes in Beneficial Ownership (4)
02/02/201717:06:14Statement of Changes in Beneficial Ownership (4)
02/02/201717:05:22Statement of Changes in Beneficial Ownership (4)
02/02/201717:03:37Statement of Changes in Beneficial Ownership (4)

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