Report: Leviathan drilling postponed indefinitely


Drilling at the Leviathan gas field offshore Israel, which was supposed to begin in December, has been postponed indefinitely, Globes reports.

Sources at Leviathan's partners, including Noble Energy (NBL -1.8%) and Delek Group (DGRLY -2.6%) say no decision had been made to postpone drilling, but other sources reportedly say investment in developing Leviathan - such as the tender for choosing a FPSO ship - has ground nearly to a complete halt.

Leviathan is estimated to contain ~19T cf of natural gas.

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Comments (3)
  • UNCMOISH
    , contributor
    Comments (15) | Send Message
     
    NO COMMENT UNTIL THE FACTS ARE DIVULGED!
    18 Nov 2013, 11:21 AM Reply Like
  • User 353732
    , contributor
    Comments (5158) | Send Message
     
    If so, then it is a strategic mistake by Israel
    Natural gas exports can create new relationships for Israel, which it desperately needs as the US abandons Israel and panders to Iran.
    18 Nov 2013, 12:35 PM Reply Like
  • richard.w.goodwin@att.net
    , contributor
    Comments (85) | Send Message
     
    NATURAL GAS AND WATER COULD ACHIEVE MIDDLE EAST PEACE
    I have previously identified Israel’s Natural Gas find – ensuring it energy independence and reducing imported energy costs by about 10% (1). Israel selling LNG to neighboring nations e.g. Lebanon, Egypt, Turkey, Cyprus etc. would forge a business relationship over-riding past differences regarding Israel’s right to exist. In addition, Israel’s importation of Water Treatment [leader in desalination] technology to Middle East countries, suffering from endemic drought, would further establish relationships transcending past political and ideological concerns.
    (1) Goodwin, R.W.; “Natural Gas Assures Israel's Future”; Energy Pulse Weekly; February 24, 2011

     

    Richard W. Goodwin West Palm Beach FL
    18 Nov 2013, 04:53 PM Reply Like
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