Leviathan partners considering LNG facility offshore Israel

EXMAR NV

30/07/2019 09:13

TEL AVIV, July 30 (Reuters) - The partners in the Leviathan
field off Israel's Mediterranean coast are considering building
a floating liquefied natural gas (FLNG) facility to enable LNG
exports, Delek Drilling  DEDRp.TA  said on Tuesday.
    The partners, which include Delek and Noble Energy  NBL.N ,
signed agreements with Golar LNG Ltd  GLNG.O  and Exmar NV
 EXMR.BR  to receive plans for a FLNG facility. The aim is to
enter into a long-term agreement with one that will finance,
build, operate and maintain the facility if a final decision is
made to go ahead with the project.
    The facility will allow liquefaction of natural gas at a
capacity of 2.4-5 million tons per year. According to the plan
being examined, processed natural gas will be piped from the
Leviathan production platform to the FLNG facility which will be
located offshore Israel, where the gas will be liquefied and
transferred to LNG vessels.
    "Liquefying the natural gas from Leviathan will enable us to
transport it worldwide, thus reaching new export markets, mainly
in Europe and in Asia," Delek Drilling CEO Yossi Abu said.
    Leviathan, with 22 trillion cubic feet of reserves, is one
of the world’s largest gas discoveries of the past decade. 

 (Reporting by Tova Cohen
Editing by Steven Scheer)
 ((tova.cohen@thomsonreuters.com; +972-9-899-0222; Reuters
Messaging: tova.cohen.thomsonreuters.com@reuters.net))