Cyprus, Israeli developers to sign MOU on LNG plant - Reuters

Cyprus aims to begin liquefied natural gas exports in 2020.

Reuters reports that, on June 26, Cyprus will sign a Memorandum of Understanding (MOU) with Noble Energy, Delek Group Ltd. (TASE: DLEKG) unit Delek Drilling and Avner Oil and Gas LP (TASE: AVNR.L) Oil Exploration on the development of a liquefied natural gas (LNG) terminal.

Reuters says that Cyprus aims to begin LNG exports in 2020, processing not only its own gas but also supplies from Israel and potentially Lebanon.

Published by Globes [online], Israel business news - - on June 23, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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