Noble, Delek near deal to sell Israeli gas into Jordan

Noble Energy (NBL -1%) and Delek Group (DGRLY), which are developing natural gas fields offshore Israel, are nearing a politically sensitive deal to supply gas to Jordan, WSJ reports.

The deal would involve extending a gas pipeline from an Israeli chemical plant to a fertilizer plant in Jordan owned by Arab Potash, which is 28% owned by Potash Corp (POT).

A deal would move Israel closer to exporting energy for the first time in its history, and could open a major economic link and provide a springboard for a much bigger supply deal between the neighboring countries.

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Comments (5)
  • sandra560
    , contributor
    Comment (1) | Send Message
    Seeking I Adore your news because I have DelekGroup and Delek Drilling!Seeking ThanksALot From Israel
    13 Dec 2013, 03:11 PM Reply Like
  • likeweed
    , contributor
    Comments (4) | Send Message
    NBL we hope for good news!! we want to see some profit from this stock
    13 Dec 2013, 04:56 PM Reply Like
  • doc47
    , contributor
    Comments (1796) | Send Message
    I sure hope this works, but has anybody stopped to figure out the "security costs" involved with this endeavor?
    13 Dec 2013, 09:55 PM Reply Like
  • jbooks
    , contributor
    Comments (9) | Send Message
    I do know that Israel has a contract to buy two destroyers from Germany for 1 billion euros. Israel also has six Dolphin Class German submarines. Israeli dense company Elbit (ESLT) is always developing amazing products including sophisticated drones. Elbit is also a good investment rated 1-2 in Value Line.
    The world has certainly changed since the beginning of the 20th century when the Germans were the soldiers, and the stateless Jews were mostly businessmen and other types of professionals. Now the Germans are the businessmen, and the Jews are the soldiers, and quite good ones at that.
    14 Dec 2013, 08:19 AM Reply Like
  • trramblin
    , contributor
    Comments (37) | Send Message
    Noble energy gas exploration also in Mediterranean off lebanon
    17 Dec 2013, 07:36 AM Reply Like
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