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Italy's Edison reportedly in talks to buy two Israeli gas fields

  • Italy's Edison, the utility owned by Electricite de France (ECIFF), is in talks to buy two Israeli gas fields, which are estimated to hold up to 50B-70B cubic meters combined, from Noble Energy (NBL) and Delek Drilling (DKDRF), Reuters reports.
  • The U.S. and Israeli companies developing the huge Leviathan natural gas field offshore Israel, and must sell their stake in two smaller fields to avoid being branded a cartel by the anti-trust authority.
Comments (1)
  • User 353732
    , contributor
    Comments (4788) | Send Message
     
    NBL would do well to concentrate its footprint and redeploy capital to North America. The Israeli finds are a great credit to NBL but it will be several years before they turn into cash flow.
    6 Mar, 01:35 PM Reply Like
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