What political 'sensitivity'? How Turkey,Cyprus, and Egypt are playing an intense round of tug of war over Israeli gas
Published July 13th, 2014 - 16:07 GMT via SyndiGate.info
Cyprus has asked Israel to agree to allocate one quarter of the gas in the Leviathan reservoir for export via Cyprus. The idea, which was discussed by government officials from Israel and Cyprus, is to dedicate a LNG train at the planned liquefaction facility on the southern part of the island, at an investment of $12 billion. Approval by the Israeli government would open the door to the possibility of a commercial deal between Cyprus and Leviathan’s partners, Noble Energy Inc. (NYSE: NBL), Delek Group Ltd. (TASE: DLEKG, and Ratio Oil Exploration (1992) LP (TASE:RATI.L). The deal could total an estimated $12 billion, based on current LNG market prices
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