Noble, Delek near deal to sell Israeli gas into Jordan

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

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.