Noble Energy CEO: Leviathan close to export deals

Charles Davidson: export sales agreements will support the field's development.

"The progress we have made recently regarding the Leviathan project offshore Israel has been remarkable, and we are close to executing a number of domestic and regional export sales agreements to support the field's development," said Noble Energy Inc. (NYSE: NBL) chairman and CEO Charles Davidson on the publication of the company's financial report for the first quarter of 2014.

Noble Energy said that natural gas sales from the Tamar field totaled 219 million cubic feet, and that the compression project at Ashdod more than half complete and on track to boost gas delivery from Tamar in mid-2015. It adds, "The first regional export sales agreements for Tamar and Leviathan were signed during the quarter (with customers in Jordan and the Palestinian Authority), with larger contracts expected to follow over the next several quarters. Significant progress has been made towards sanctioning the first phase of Leviathan with an agreement reached with the Israeli Anti-trust Authority and the receipt of a Development and Production Lease."

Published by Globes [online], Israel business news - - on April 24, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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