ISRAEL

IEC Confirms 15-Year Gas Supply Deal With Tamar Partners

The Israel Electric Corporation (IEC) has agreed a 15-year gas supply deal with the companies developing the offshore Tamar gas field, due to come on-stream in 2013. The deal is worth an estimated $8bn, Israel’s Globes reported on 20 February, adding that some changes had been made to the original agreement that had been approved in principle last December (MEES, 26 December 2011). Under the terms of this latest...