"Reuters" reports that the Italian energy giant is in talks to buy Noble and Delek's stakes in the Karish and Tanin fields.
Italian energy giant Edison S.p.A (BIT. EDN) is in talks to buy the Karish and Tanin gas fields from Noble Energy Inc. (NYSE: NBL) Delek Group Ltd. (TASE: DLEKG), two sources with knowledge of the negotiations told "Reuters." The two fields are estimated to hold up to 70 billion cubic meters of natural gas.
Noble and Delek, which are developing the far larger Leviathan and Tamar gas fields, are expected to be forced to sell their stakes in Karish and Tanin to avoid being declared a cartel by Israel Antitrust Authority.
"Reuters" said that Edison was not immediately available for comment.
Published by Globes [online], Israel business news - www.globes-online.com - on March 6, 2014
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