- The gas reserve estimate for Israel's Leviathan natural gas field has been raised by 16%, increasing from 18.9 to 21.9 trillion cubic feet.
- The partners in the field, including Noble Energy (NYSE:NBL), Delek Group (OTCPK:DGRLY) and Ratio Oil (OTC:RTEXF), already announced last month a $30B preliminary agreement with BG Group for exporting gas to BG's LNG plant in Egypt. Under government regulation, only 40% of the gas reserves will be allowed to be exported.
- Production is scheduled to begin in 2017.