Haaretz: Israel's Leviathan gas field group submits $6.5b development plan

The partners in Israel's largest natural gas field have submitted their initial development plan to Israeli authorities, which one source said on Tuesday envisages producing 16 billion cubic meters of gas a year.

The partners in Leviathan, Israel’s largest natural gas field, have submitted their initial development plan to Israeli authorities, which one source said Tuesday envisages producing 16 billion cubic meters of gas a year.

The group, led by Texas-based Noble Energy and Israel’s Delek Group, handed in its proposal – a $6.5 billion endeavor – after months of trying to determine the best way to develop the field, which lies in about 1,500 meters of water about 130 kilometers off Israel’s Mediterranean coast.

A spokeswoman for the Energy and Water Resources Ministry, which must now approve the plan, confirmed it had been received, but disclosed no details.
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