Middle East Economic Survey


No 1



Noble Energy Signs Letter Of Intent For Gas Sales To Israel Electric

Houston-based Noble Energy on 28 December said it had signed with the Israel Electric Corporation a letter of intent (LOI) covering the sale of 95bn cu ft (bcf)/year (2.7 bcm/y) from the offshore Tamar gas field for a period of 15 years beginning with the start-up of gas production in 2012. This is the second such LOI that Noble Energy and its partners in the Matan...