Connect with us

Hi, what are you looking for?

Jewish Business News


Spanish Union Fenosa in talks to buy 20% of Israeli Tamar gas

Union Fenosa needs gas for its liquid gas export terminal in Egypt.

OIL gas

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Spanish gas company Union Fenosa SA (Madrid: UNF) is in talks with the Tamar partners to buy 20% of the natural gas in the field. The Tamar natural gas field partners are Noble Energy Inc. (NYSE: NBL), Delek Group Ltd. (TASE: DLEKG) units Avner Oil and Gas LP (TASE:AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L), Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L) and Alon Natural Gas Exploration Ltd. (TASE: ALGS).

The talks with Union Fenosa were reported in the 2013 financial statements of the Tamar partners.

If the agreement is signed by the Tamar partners, then the natural gas will be exported through Union Fenosa and ENI’s liquid natural gas installation in Egypt.

Such a contract would be worth $1.3 billion annually for the Tamar partners.

The Tamar field contains 10 trillion cubic feet of gas.

Published by Globes [online], Israel business news –



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.