The Tamar partners signed a gas supply contract with Dalia Power Energies to sell up to 1.38 bcm of natural gas annually over 17 years.
Dalia Power Energies will begin receiving gas in the second half of 2014. The deal is worth about $5 billion.
The Tamar gas field is located in the Mediterranean Sea, off the coast of Israel.
Noble Energy holds 36 percent of Tamar. Isramco owns 28.75 percent, Avner Oil Exploration and Delek Drilling hold 15.625 percent each and Dor Gas Exploration has a 4 percent stake.
Recently, Höegh LNG has entered into an agreement with DSME to initiate a project specific front-end engineering design of an LNG FPSO solution for the Tamar gas field.
[mappress]
LNG World News Staff, January 9, 2012; Image: Noble