May 11 (LNGJ) - NewMed Energy, the Israeli natural gas company and LNG project developer in the East Mediterranean and currently considering a 50 percent stake sale to UK major BP and Abu Dhabi National Oil Company, said BP and ADNOC were now carrying out a due diligence review of NewMed and its assets.
With respect to the expansion plan for the Leviathan gas field offshore Israel, NewMed said there were continuing pre-engineering work and discussions taking place. “There are also various technical, commercial and economic processes for promotion of the Leviathan expansion and the FLNG project, which will supply LNG from Leviathan to the international markets,” NewMed explained.
