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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
06/29/201508:54:04Securities Registration: Business Combination (s-4)
06/29/201507:16:36Current Report Filing (8-k)
06/19/201509:06:00/C O R R E C T I O N -- CONE Midstream Partners LP/
06/19/201508:20:00CONE Midstream To Participate In Credit Suisse MLP & Energy Logistics...
06/17/201516:11:19Annual Report of Employee Stock Plans (11-k)
06/17/201506:01:41Notice of Effectiveness (effect)
06/16/201517:10:40Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
06/16/201506:07:38Registration Statement for Securities to Be Issued in Business...
06/15/201503:10:25Falkland Oil & Gas Says Drilling Starts at Humpback Exploration...
06/01/201506:04:30Securities Registration: Business Combination (s-4)
05/21/201516:43:00ROSETTA SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the...
05/20/201512:15:10What Is the S&P 500 Index?
05/19/201508:55:00CONE Midstream To Participate In NAPTP MLP Investor Conference
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05/15/201512:04:02Top 10 Prime Oil Stock Takeover Candidates
05/15/201511:40:00Noble Energy To Present At UBS Oil And Gas Conference
05/15/201510:36:24Perpetual Petroleum: How Buyouts Can Be the Way Out
05/13/201515:06:00Harwood Feffer LLP Announces Investigation of Rosetta Resources...
05/11/201517:33:14Current Report Filing (8-k)
05/11/201517:05:07Noble Energy Buying Rosetta Resources May Help Spur Future Deals

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