Israel is planning to lay a pipeline to convey natural gas from the Dead Sea region to Jordan reports "Bloomberg," quoting "two people with knowledge of the matter."
According to the report, the Ministry of Energy and Water Resources will start work on the 15-kilometer pipeline in 2015 and complete it in 2016, "according to the people, who asked not to be identified because the information isn’t public."
The ministry commissioned the project on behalf of Tamar and Leviathan partner Noble Energy Inc. (NYSE: NBL) and a Jordanian partner, "Bloomberg" reported.
Israel's Ministry of Energy, Jordan's Ministry of Energy and Noble Energy all declined to comment on the report.
Jordan has seen its natural gas imports from Egypt disrupted by pipeline bombings in Sinai, so that Israel gas deliveries would help boost security of supply.
Noble Energy is partners in the Leviathan field with Delek Group Ltd. (TASE: DLEKG) and Ratio Oil Exploration (1992) LP (TASE:RATI.L).
Earlier this week the Leviathan partners signed a deal to sell $1.2 billion worth of natural gas to the Palestinians over 20 years.
Published by Globes [online], Israel business news - www.globes-online.com - on January 8, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2014