Connect with us

Hi, what are you looking for?

Jewish Business News

Natural Resources & Energy

Leviathan Partners Sign $3 Billion Israeli Natural Gas Supply Deal

Leviathan will supply 13 BCM over 18 years to the IPM power plant in Be’er Tuvia.

tamar gas


The partners in the Leviathan natural gas field today announced the signing of a gas supply agreement with the IPM company, a new private power plant in central Israel. The deal worth as much as $3 billion.

This is the second contract for the partners. In January Leviathan signed a $1.3 billion gas supply contract with Edeltech, Israel’s largest private power producer, owned by Edelsberg family.

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.

Leviathan, one of the largest Israel’s offshore discoveries has an estimated 622 cubic meters of natural gas (BCM) of reserves which will cost more than $5 billion to develop. It is expected to become operational in 2019. Partners are American Noble Energy, Israeli Delek Group and Israel’s Ratio Oil Exploration.

Under the deal, Leviathan will provide up to 13 billion BCM, over 18 years to the IPM plant in Be’er Tuvia once gas starts flowing from Leviathan.

The IPM power station is controlled by Triple M and Israel Power Management 3000. It will bilt on a 62-dunam (15.5-acre) site, and will produce 430 megawatts of electricity using combined cycle power technology (natural gas as the main fuel and diesel oil as a backup).




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.