Leviathan Partners Look to Sell Gas to Turkish Customers

Partners in Israel’s Leviathan field have undertaken tender process for gas sales to Turkish customers, reports Israeli newspaper Globes.

Sources have told Globes, partners in Leviathan, Noble Energy, Delek Group, and Ratio Oil Exploration distributed a request for offers for the purchase of 7-10 billion cubic meters (BCM) of natural gas annually, to be delivered by pipeline.

The requests indicate that the Leviathan partners have not yet formulated the main terms, such as the time period for contracts, and ownership and financing of transportation infrastructures, adds Globes.

It can therefore be assumed that this is an initial feeler by Leviathan's partners to test the market, says the newspaper.

According to experts, building a pipeline to Turkey would cost about $2.5 billion and return on investment would be much faster than to build an FLNG or onshore LNG facility.

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