Tamar partners in talks to amend Israel Electric gas deal

Everest Industries

24/09/2019 13:02

JERUSALEM, Sept 24 (Reuters) - A number of partners in the
Tamar natural gas field off Israel's coast have offered utility
Israel Electric (IEC)  ISECO.UL  a discount on a new gas supply
deal.
    The offer came from three of the six members of the group --
Tamar Petroleum  TMRP.TA , Isramco Negev  ISRAp.TA  and Dor Gas
Exploration, which own some 49% of the project, Tamar said in a
regulatory statement in Tel Aviv.
    Earlier this year, state-run IEC signed a gas supply deal
with the Leviathan field, which is also off Israel's
Mediterranean coast and set to begin production later this year.
    Tamar said it would give a total discount of $70 million.
    Any changes to the deal would require approval by all the
Tamar partners, including Noble Energy  NBL.N , Delek Drilling
 DEDRp.TA  and Everest Infrastructure. Noble and Delek are also
partners in Leviathan.
    IEC declined to comment.

 (Reporting by Steven Scheer; Editing by Tova Cohen)
 ((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters
Messaging: steven.scheer.thomsonreuters.com@reuters.net;
Twitter: @StevenMScheer))