The Delek Group and its Leviathan partners are setting the record straight by refuting recent media reports regarding Leviathan’s development field plan.
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Map of Leviathan. From Noble Energy. |
Media reports from Israeli news outlet Globes said that there will be a reduced development plan for the Leviathan field, and “instead of building a floating production, storage and offloading vessel (FPSO) with a 16 Bcm annual natural gas capacity as originally set out in the development plan, a facility half the size might be built,” Globes reported, citing “a senior source at the gas developers.”
However, according to Delek, the basic outline development plan for the Leviathan Field is intended to produce and handle a maximum daily output of natural gas of approximately 1.6-1.8 Bcf (maximum of 16 - 18 Bcm per annum) using various engineering alternatives. This is in order to supply gas from the Leviathan Field to customers in the Israeli market, to NEPCO in Jordan, customers in Egypt (mainly BG) and to the Palestinian Authority, in accordance with the letters of intent signed to date.
In addition, although the partners are assessing different possibilities to adapt the capacity of the development plan to the various marketing programs for gas from the Leviathan Field, the basic development plan outline has not been altered, Delek clarified.
In late November, the Leviathan partners signed a letter of intent (LOI) with Dolphinus Holdings to supply natural gas from the project, using the East Mediterranean Gas’s (EMG) existing gas pipeline to Egypt.
The LOI entails that 4 Bcm per annum for a 10-15 year period to be transported using the Israeli Natural Gas Lines (Natgaz) transmission system to Ashkelon, and then to the local market in Egypt using EMG’s pipeline.
In August, the Israeli government entered into an agreement with the consortia of Noble Energy and the Delek Group to move forward with development plans for the Leviathan field in addition to Karish, Tanin and the further development of Tamar.
Partners in Leviathan include Noble Energy (39.66%), Avner Oil (22.67%), Delek Drilling (22.67%), and Ratio Oil (15%).
Read more:
Israel puts Leviathan on fast-track
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