Israel’s NewMed Energy (45.34%) and Ratio Energies (15%), junior partners at the 22.4tcf Leviathan gas field, announced on 20 May that they had signed a long-term gas supply agreement with local power producer Dalia Energies. Unlike all previous deals for Leviathan gas, the agreement does not include field operator Chevron (39.66%).
The agreement marks the first independently marketed gas sales deal from an Israeli gas field and is estimated to be worth $6.7bn. Deliveries under the 20-year contract are due to start in January 2030. (CONTINUED – 944 WORDS)
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