Middle East Economic Survey


No 51-52



Noble To Sell Gas To Israels Dalia

Houston-based Noble Energy signed a letter of intent (LOI) on 15 December to sell natural gas from the Tamar field in Matan license area offshore Israel, which it operates with a 36% working interest, to Dalia Power Energies. Under the terms of the 17-year supply agreement, Noble will deliver some 200bn cu ft of natural gas to the private Israeli electricity company, with total revenues from these...