Israel's Leviathan enters preliminary agreement with BG

The partners in Israel's Leviathan natural gas field, including Noble Energy (NBL), Delek Group (DGRLY) and Ratio Oil (RTEXF) have announced a newly signed preliminary agreement with BG Group (BRGYY, BRGXF), for a deal exporting gas to BG's LNG plant in Idku, Egypt.

Although still far from finalized, the deal may be valued at $30B, and would supply an annual 7B cubic meters of gas to BG for 15 years. The final agreement is expected to be completed by the end of the year.

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Comments (5)
  • Patent News
    , contributor
    Comments (1460) | Send Message
    egypt and israel cooperating, nice!
    29 Jun 2014, 11:08 AM Reply Like
  • 11146471
    , contributor
    Comments (1339) | Send Message
    That's a strategic piece of info!
    29 Jun 2014, 01:53 PM Reply Like
  • Patent News
    , contributor
    Comments (1460) | Send Message
    29 Jun 2014, 03:54 PM Reply Like
  • User 353732
    , contributor
    Comments (5147) | Send Message
    For Israel becoming a significant exporter of natural gas is of great geo strategic and economic value. Such an outcome would not only create notable new wealth, income and jobs but decrease Israel's isolation and make it less vulnerable to US duplicity, bullying and global retreat.
    29 Jun 2014, 05:31 PM Reply Like
  • Tricky
    , contributor
    Comments (2300) | Send Message
    Cool. Maybe they can start paying back all that financial aid.
    29 Jun 2014, 06:12 PM Reply Like
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