facebook
twitter
rss
account
search
search
 

Gazprom fits bill for Israeli gas

Oct. 18, 2012 at 9:25 AM   |   Comments

NETANYA, Israel, Oct. 18 (UPI) -- Criteria for investing in the Leviathan gas field off the Israeli coast suggests Gazprom is set to take on a stake in the project, an Israeli daily reports.

Israeli business daily Globes said qualifications in natural gas development, liquefied natural gas processing and other benchmarks suggest Russian natural gas company Gazprom is set to take on a stake on the giant offshore Leviathan gas field.

Delek Group and Noble Energy, a company based in the United States, are among the major offshore players in the Israeli natural gas sector. They've discovered enough gas in the Tamar and Leviathan fields to last the country 150 years.

In March, Delek suggested Israel would need more than $10 billion worth of export infrastructure for the natural gas.

A source close to the negotiations told the Israeli newspaper that some of the companies working in Leviathan would prefer a Western partner, however.

Environmental concerns and a lack of available land are hindering Israel's ability to build a liquefied natural gas plant to export Leviathan reserves.

Rumors of a Gazprom acquisition have circulated at least since March. None of the companies involved issued public comments related to the Globes report.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Destroyers with ballistic missile defense capability heading to Japan Destroyers with ballistic missile defense capability heading to Japan
2
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
3
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
4
Little girls drop F-bombs for feminism in new FCKH8 video Little girls drop F-bombs for feminism in new FCKH8 video
5
Warren Buffett loses $2 billion in 2 days on investments Warren Buffett loses $2 billion in 2 days on investments
Trending News
Around the Web
x
Feedback