JERUSALEM Dec 4 The partners in Israel's Tamar
natural gas field said on Wednesday they signed a seven-year
deal to sell $105 million worth of gas to Delek Israel, which
owns and operates gasoline stations across the country.
Delek Israel plans to start selling compressed natural gas
(CNG) at its stations in the coming years.
The company is a subsidiary of conglomerate Delek Group
, which through two other units has a significant
stake in Tamar. The deal needs approval from the Israel
A total of 0.46 billion cubic meters (bcm) will be sold in
the deal starting in the fourth quarter of 2014, according to a
statement to the Tel Aviv Stock Exchange.
Tamar, discovered in 2009, is estimated to hold more than
280 bcm of gas. It began production in March.
Texas-based Noble Energy has a 36 percent stake in
the field. Delek Group, through its units Avner Oil Exploration
and Delek Drilling, holds a 31.25 percent
share. Isramco Negev has a 28.75 percent stake, and
Dor Gas Exploration holds the remaining 4 percent.