Wednesday, August 11, 2010

(BIZ) Israel: Noble Energy Inc. Gets Green Light For Tamar Gas Field Development

"Noble Energy Inc. announced today that it has received government approval for the development of the 2009 Tamar gas discovery in the Mediterranean offshore Israel.

Until recently, Noble Energy and its partners planned to develop Tamar using an option (Tamar North) that would flow gas from the deepwater field to a new onshore receiving terminal to be constructed in the northern half of the country.

However, the selection and approval of the site for the onshore terminal has been significantly delayed. The Tamar North development option was designed to deliver gas to Israeli markets in 2012 thus assuring that customers’ gas needs would be continuously and fully met."

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