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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
01/20/201706:30:00CONE Midstream Increases Quarterly Cash Distribution
01/19/201703:02:00Oil-Patch Deal Pays Off Big -- WSJ
01/17/201708:00:00CONE Midstream Schedules Earnings Release and Conference Call...
01/17/201707:56:31Current Report Filing (8-k)
01/17/201703:03:00Noble Sets $2.7 Billion Deal -- WSJ
01/16/201718:20:00Noble Energy to Buy Oil and Gas Company Clayton Williams -- 2nd...
01/16/201716:51:00Noble Energy to Buy Oil and Gas Company Clayton Williams--Update
01/16/201715:55:00Noble Energy to Buy Clayton Williams
01/16/201715:00:00Noble Energy to Acquire Clayton Williams Energy
01/09/201716:05:48Statement of Changes in Beneficial Ownership (4)
01/09/201707:00:00Noble Energy Closes Delaware Basin Acquisitions Totaling 7,200...
01/06/201716:15:00Noble Energy Will Host Its Year End 2016 Results Conference Call...
12/22/201616:51:00Statement of Changes in Beneficial Ownership (4)
12/15/201616:11:44Statement of Changes in Beneficial Ownership (4)
12/13/201616:13:11Statement of Changes in Beneficial Ownership (4)
12/12/201616:03:39Statement of Changes in Beneficial Ownership (4)
12/12/201607:00:00CONE Midstream To Participate In CONSOL Energy Analyst Day
12/09/201616:20:01Statement of Changes in Beneficial Ownership (4)
12/09/201616:18:18Statement of Changes in Beneficial Ownership (4)
12/08/201617:17:26Statement of Changes in Beneficial Ownership (4)

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