The Cypriot government today approved British Gas (BG) as a partner in the Aphrodite (Block 12) gas field. Noble Energy Inc. (NYSE: NBL) has sold a 35% stake in the field to BG, and will retain an additional 35% stake. Delek Group Ltd. (TASE: DLEKG) energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) will own 15% each. RELATED ARTICLES Leviathan partners in talks to sell gas in Israel Leviathan partners and BG close to $30b Egypt gas deal BG partners with Noble, Delek in Cyprus's Aphrodite The Aphrodite gas field has an estimated 4.54 trillion cubic feet (TCF) of gas and 9 million barrels of condensate, and is the only gas field so far discovered by Cyprus. Delek and Noble are also in talks with BG after signing a letter of intent in June 2014 to provide 105 billion cubic meters of gas from the Leviathan field to BG's liquidation plant in Egypt for 15 years, in a deal worth $30 billion. This huge deal represents one sixth of the entire Leviathan field and will allow the partners to develop the reservoir. Published by Globes [online], Israel business news - www.globes-online.com - on January 18, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
