Delek Drilling announces USD 700m Leviathan gas deal with Israel Electric

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Delek Drilling has announced that the Leviathan partners have signed a deal with the Israel Electric Corporation to sell 4 billion cubic meters of natural gas over two years. The deal is worth an estimated $700 million.

The announcement said that the supply of the natural gas will begin when gas starts flowing from the giant offshore Leviathan gas field in the final quarter of 2019 through to the first half of 2021.

Leviathan partners are: Noble Energy 39.66%; Delek Drilling 45.34%; Ratio Oil Exploration(1992) 15.00%.

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Source: Globes

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