Cyprus' cabinet approves a preliminary deal with Noble Energy (NBL), Delek Drilling (DGRLY.PK,...

|About: Noble Energy, Inc. (NBL)|By:, SA News Editor

Cyprus' cabinet approves a preliminary deal with Noble Energy (NBL), Delek Drilling (DGRLY.PK, DK) and Avner Oil Exploration (AVOGF.PK) to develop a ~$10B liquefied natural gas terminal on the island, the government says without providing details. Cyprus aims to begin LNG exports in 2020 and to process not only its own gas but also supplies from Israel and possibly Lebanon. (earlier)