IEC Mulls Buying Gas from Leviathan Partners

Israel Electric Corporation (IEC) is mulling purchasing gas from the Leviathan partners after Noble Energy announced that it will begin delivering natural gas to Israel from the Leviathan field in 2016.

Globes has reported that delivery will take place regardless of the export issue.

The newspaper also said that Noble Energy will soon publish a tender to lease a floating production, storage and offloading (FPSO) ship for the development of the Leviathan field and the delivery of gas to Israel.

Noble Energy chairman and CEO Charles Davidson said, "The demand for gas in Israel has grown substantially. And so we see a bigger market there than probably what we saw at the time we designed Tamar. And so we are looking at a number of options of how we can provide incremental gas to the Israeli market."