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Tuesday, 20 December 2016

Delek says UFG will not export Eni’s gas, talks with Tamar still ongoing

Delek says UFG will not export Eni’s gas, talks with Tamar still ongoing: Delek Group, which manages the operations of Israeli gas field Tamar, “rubbished” reports that Union Fenosa Gas (UFG) has reached an agreement with Eni to export gas extracted from the Zohr field via liquefaction plant in Damietta. “The report would apparently undermine the possibility that the Tamar partners would export gas to the liquefaction facility, Globes’ Nati Yefet suggested. Delek said the letter of intent it signed with UFG is still valid and “as for the media reports, the partners seek to clarify that contrary to the implications of these reports, and following clarifications received from UFG, the parties continue with ongoing negotiations aimed at reaching a binding agreement for natural gas supply from the Tamar project to UFG’s existing liquefaction facilities in Egypt."

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