Published On: Sun, Jan 5th, 2014

Leviathan Partners Sign Palestinian Gas Deal

The partners signed a $1.2 billion contract with the Palestine Power Generation Co. – the first export contract for the offshore natural gas field.
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The Leviathan partners – Noble Energy Inc. (NYSE: NBL),  Delek Group Ltd.(TASE: DLEKG), and Ratio Oil Exploration (1992) LP (TASE:RATI.L) – have signed the first export contract for the offshore natural gas field: a $1.2 billion contract with the Palestine Power Generation Company plc for the export of 4.75 billion cubic meters of gas over 20 years, Trading in Leviathan’s Israeli partners was suspended just before the market closed. The announcement of the contract by the Leviathan partners was made shortly after the market closed.

Published by  www.globes-online.com 

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