Tamar Partners, Hadera Paper Sign Gas Deal

Tamar partners have signed a deal to supply 3.3 billion cubic meters (bcm) of gas to Hadera Paper over 15 years. The deal is reportedly worth $750 million.

Supply of 8 million MMBTU a year is expected to commence in the second half of next year.

The quantity supplied could be reduced if Hadera Paper does not build a new power plant as planned, they said.

Partners in the project are Noble Energy,  Isramco Negev, Avner Oil Exploration and Delek Drilling.