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May 6, 2014 9:33 am

Noble Energy to Sell Israel Gas to Egypt for Export

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Natural gas from Israel's Tamar field began flowing to customers in 2013. Photo: Screenshot / Youtube.

Natural gas from Israel's Tamar field began flowing to customers in 2013. Photo: Screenshot / Youtube.

Bloomberg Noble Energy Inc. (NBL) plans to sell gas from Israel’s Tamar field to Union Fenosa Gas SA for its liquefying facility in Egypt, enabling the fuel for export.

Noble and Union Fenosa Gas signed a non-binding agreement of intent to dispatch as much as 2.5 trillion cubic feet of gas from Tamar to the plant over 15 years, according to a Noble statement e-mailed late yesterday. The offshore Tamar field holds an estimated 10 trillion cubic feet of gas.

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