Noble pushing for development of Israeli gas fields

Noble Energy said it continues to work with the government of Israel to address matters necessary to facilitate the development of its discoveries at Tamar and Leviathan and ensure a stable investment climate. 

David L. Stover, Noble Energy’s Chairman, President and CEO, said, “A regulatory framework meeting these objectives has been overwhelmingly approved by the Israeli cabinet and was presented to the Knesset.  It is imperative that the government of Israel follow through on this approved framework without further delay.”

Noble Energy expressed its readiness to take the actions necessary to protect the value of its assets.

“Regional demand supports the further development of our world class Tamar and Leviathan fields,” Stover added.

He said that Noble Energy continues its discussions with natural gas customers throughout the region, adding that even the government of Egypt publicly reiterated its support for the import of gas from Israel for both domestic and LNG export purposes.

Noble believes that the quality of its Israel assets, extensive appraisal and planning efforts enables it to supply natural gas to the substantially underserved regional market.

Image: Noble Energy