Tamar gas field
Photo: Albatross

Tamar signs $1.2B gas supply deal

Partnership to supply gas to two privately operated power stations. Gas will be available in second half of 2014, about year after Tamar field begins production

The Tamar partnership – comprised of Avner, Delek Drilling, Isramco, Alon Gas and Noble Energy – announced Tuesday the signing of a 16-year deal with Edeltech and its Turkish partner Zurlu Enerji for the sale of 0.33 billion cubic meters (BCM) of gas a year for their private gas fueled power stations.


The deal comprises two parts outlining the supply of gas to two bodies. The first supply of gas will be to the Ramat Negev station, which is held by Edeltech (58%) and Zurlu (42%).


Tamar will supply 0.22 BCM of natural gas a year to the Ramat Negev station once the station constructed by Edeltech is commercially operational.


The second part of the agreement is with Ashdod Energy, owned by Edeltech (58%) and Zurlu (42%), according to which the power station will receive 0.11 BCM of natural gas a year.


The gas will be supplied from the second half of 2014, about a year after production begins at the Tamar field. On Monday, Tamar signed a 17-year, $5 billion agreement with Dalia Power Energies.


Edeltech, headed by Udi Wild, develops and constructs small gas fueled electricity power stations. The company is also partner (18.75%) in the Dorad station, Israel's largest private power station.


Click here to read this report in Hebrew



פרסום ראשון: 01.10.12, 16:47
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