LNG

Delek Group, the Israeli company developing the Leviathan gas field offshore Israel with Noble Energy of the US, confirmed the start of first gas deliveries in December and ongoing plans for a floating LNG project.

Delek Group, the Israeli company focusing on the energy sector, said it expected to sell natural gas to Egypt in the future from its Tamar and Leviathan gas field projects in the East Mediterranean as Egyptian needs outstrip its supplies.

Delek Group of Israel, the main shareholder with Noble Energy of the US of the Leviathan and Tamar natural gas fields in the Eastern Mediterranean, boosted second-quarter revenues by over 14 percent with sales to Israel and Jordan that will eventually lessen Jordanian LNG requirements.

Delek Group, the Israeli company with growing income from its share of 33 trillion cubic feet of natural gas in the East Mediterranean, posted record revenues and net profits in 2016 as the Tamar field reached peak output and the Leviathan field is on track for first gas in 2019.

The Israeli Leviathan natural gas project in the East Mediterranean, which will impact the regional LNG market, has taken a positive final investment decision to proceed with phase one of the development plan to come on stream by the end of 2019.