Israeli and Turkish energy firms signed an agreement on Sunday January 31,2016 to sell
$1.3 billion worth of gas to Edeltech, Israel's Leviathan natural gas
field offshore partners announced.
The Leviathan natural gas field was discovered in 2010 and holds an estimated 622 billion cubic metres (bcm) natural gas reserves
The partners said they commit to providing 6 bcm within 18 years
Edeltech and Zorlu Enerji, a Turkish energy conglomerate, will employ the gas to operate two new energy plants being established in southern Israel.
Both plants will provide energy to the industrial sector.
The privately owned Edeltech and Zorlu have already become partners with three energy plants in southern Israel.
The deal involves selling the first gas from the Leviathan reservoir to the Israeli market.
The agreement ensues two memorandums of understandings signed by the partners with neighboring Jordan and Egypt in 2015
The Leviathan natural gas field was discovered in 2010 and holds an estimated 622 billion cubic metres (bcm) natural gas reserves
The partners said they commit to providing 6 bcm within 18 years
Edeltech and Zorlu Enerji, a Turkish energy conglomerate, will employ the gas to operate two new energy plants being established in southern Israel.
Both plants will provide energy to the industrial sector.
The privately owned Edeltech and Zorlu have already become partners with three energy plants in southern Israel.
The deal involves selling the first gas from the Leviathan reservoir to the Israeli market.
The agreement ensues two memorandums of understandings signed by the partners with neighboring Jordan and Egypt in 2015
No comments:
Post a Comment