JERUSALEM Oct 15 The U.S.-Israeli consortium
developing the Tamar natural gas field off Israel's
Mediterranean coast said on Monday it signed a 16-year deal with
Dorad Energy to provide up to 13.2 billion cubic meters (bcm) of
gas for about $3.5 billion.
The group announced the deal, the latest in a series of
multi-billion dollar agreements with Israeli power providers, in
a statement to the Tel Aviv Stock Exchange. The amount of gas
Dorad buys could be lower, depending on pipeline issues or
demand, the statement said.
The Tamar gas field has estimated reserves of over 274 bcm
of gas and is expected to begin deliveries around April 2013.
Texas-based Noble Energy has a 36 percent share of
Tamar. Isramco Negev has a 28.75 percent stake. Avner
Oil Exploration and Delek Drilling each
have a 15.625 percent share, and Dor Gas Exploration holds the
remaining 4 percent.