- The partners in Israel's offshore Tamar natural gas field say they have signed a non-binding agreement to supply 5B cubic meters of natural gas over seven years to private companies in Egypt.
- The agreement follows a handful of other similar non-binding export deals, including supplying Israeli gas to Jordan.
- The Tamar field contains ~9T cf of gas, most of which has been earmarked for the local market, and production began there last year; the nearby Leviathan field is estimated to contain 10T cf of gas, but production has not yet started.
- The partners include Noble Energy (NYSE:NBL), which holds 36%, in addition to Israeli companies Avner Oil (OTCPK:AVOGF) and Delek Drilling (OTC:DKDRF).