Skip to comments.Cyprus Okays Gas Plant Deal With Noble, Delek (Israel)
Posted on 06/19/2013 7:40:45 PM PDT by haffast
Cyprus' deputy government spokesman says the Cabinet has ratified a preliminary agreement with U.S. firm Noble Energy and its Israeli partners Delek Drilling and Avner Oil Exploration on their participation in the development of a planned natural gas processing facility.
Victoras Papadopoulos didn't disclose Wednesday details of the deal. Cyprus is looking to have the estimated 10 billion euro ($13.41 billion) facility up by 2020 to process offshore gas reserves for domestic use and export. The bailed-out country hopes the project will boost its struggling economy.
Noble, Delek and its subsidiary Avner are partners in a gas field off Cyprus' southern coast that's estimated to contain 5-8 trillion cubic feet of gas.
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Govt. gas export decision unlikely to satisfy everyone or anyone (Israel)
June 19, 2013, 9:45 pm | David Shamah
Thanks haffast. The thing I love about the eastern Med is, no matter how messy things get, they can always get messier.
This could be a Big Deal!
Thanks Ernest, in the greater schemes of all things Middle Eastern, it doesn’t look like anyone else on FR even cared. :’)