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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
04/24/201510:37:30Noble Energy PT Lowered to $43.00 (NBL)
04/22/201507:00:00Noble Energy Reaches Agreement With Federal And State Regulators...
04/22/201503:34:42Noble Energy Earns Reduce Rating from Analysts at Nomura (NBL)
04/21/201514:33:55Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/21/201503:22:07Noble Energy Downgraded to "Hold" at Societe Generale (NBL)
04/14/201507:30:00Noble Energy Announces Its First Quarter 2015 Earnings Webcast...
04/13/201508:24:00Noble Energy Announces Acreage Addition In The Falkland Islands...
04/10/201515:03:23Argentina Summons U.K. Ambassador -- 3rd Update
04/10/201513:07:49Argentina Summons U.K. Ambassador -- 2nd Update
04/10/201512:32:43Argentina Summons U.K. Ambassador -- Update
04/06/201516:22:44Statement of Changes in Beneficial Ownership (4)
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

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