The developers of Israel's Leviathan and Tamar offshore gas fields agreed to increase the supply of natural gas to an Egyptian customer under amended agreements.
Led by Texas-based Noble Energy Inc. and Israel's Delek Drilling LP, the partners in the Leviathan and Tamar projects amended their agreements with Egypt's Dolphinus Holdings Ltd. to provide for total firm contract quantities of 3 Tcf of natural gas, according to an Oct. 2 news release. The companies previously agreed to supply 1.15 Tcf of gas from each field.
The partners also agreed to extend the deals by five years, up to terms of 15 years, with first gas expected by the end of the year. The amended agreements, which include take or pay commitments, are subject to certain regulatory approvals.
Noble Energy, Delek Drilling and Ratio Oil Exploration (1992) LP own the Leviathan project. Noble Energy, Delek Drilling, Isramco Negev 2 LP, Tamar Petroleum Ltd., Dor Gas Exploration and Everest Infrastructures own Tamar.
Separately, Noble Energy said it expects to close the acquisition of an interest in the EMG pipeline early in the fourth quarter. In September 2018, the oil and gas producer partnered with Delek Drilling and Egyptian East Gas Co. to buy a stake in the pipeline for $518 million.
