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Noble Energy to Develop Eastern Mediterranean LNG Facility

Noble Energy to Develop Eastern Mediterranean LNG Facility

Texas-based Noble Energy is actively seeking to develop Israel’s offshore Mediterranean  natural gas reserves.
 
Noble Energy Chief Operating Officer Dave Stover stated that the company will solicit proposals from several liquefied natural gas contractors to develop a regional liquefied natural gas LNG plant and that the firm is considering several potential sites as it seeks to develop its "significant eastern Mediterranean gas resources."
 
Noble Energy has partnered with Israel’s Delek Group Ltd. Over the potential development of Israel’s Mediterranean offshore natural gas Leviathan, Tamar, Dalit, and Noa fields, and also has a concession to Cyprus's Block 12 offshore Mediterranean field, located near Leviathan, Israel’s Globes business newspaper reported.

Noble Energy CEO Charles Davidson said that his company was still evaluating the sites and their potential reserves, commenting, "I think at that point, you're at the stage where you can decide just what should be the structure for going forward, in terms of whether it's looking at upstream or mid-stream partners, or partners who have expertise in LNG operations or LNG marketing. I think all those options are open to us, but we need to know what the scale of the project is to start with. Cyprus is still a potential opportunity for a hub for exporting."
 
By. Joao Peixe, Deputy Editor OilPrice.com



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