Floating liquefaction off Israel moves forward

Levant LNG Marketing, a unit of Pangea LNG BV, has concluded a cost-sharing agreement with Israel’s Tamar Partners, Tel Aviv, that marks progress toward the export of LNG from Tamar and Dalit fields 60 miles off Israel in the Levantine basin.

The Tamar partnership will participate in the cost of developing the project’s frontend engineering and design for a permanently moored floating natural gas liquefaction and storage vessel. Pangea LNG and Tamar Partners anticipate launching the FEED by yearend and reaching final investment decision by second-half 2013.

Pangea LNG is an LNG development and investment company owned by Daewoo Shipbuilding & Marine Engineering, Next Decade International, and D&H Solutions AS.

The Tamar partnership includes Noble Energy Mediterranean Ltd., Isramco Negev 2 LP, Delek Drilling LP, Avner Oil Exploration LP, and DorGas Exploration LP. These companies are owners and producers of large natural gas resources in Tamar and Dalit fields where development drilling is under way (OGJ Online, June 3, 2012).

Pangea LNG said it continues to work on offtake agreements for LNG production from the Tamar project. It has already executed several letters of intent with potential offtakers and is in final negotiations for the long-term sales and purchase agreement.

Related Articles

Cameron LNG awards export-plant contracts

03/17/2014 Cameron LNG LLC has awarded CB&I and Chiyoda International Corp. a $6 billion engineering, procurement, and construction contract to build a 13...

FERC issues draft EIS on Freeport LNG’s Phase II projects

03/14/2014 The US Federal Energy Regulatory Commission has issued a draft environmental impact statement (EIS) on Freeport LNG’s Phase II modification and liq...

FERC to issue EA for Cove Point LNG export project in May

03/14/2014 The US Federal Energy Regulatory Commission has notified Dominion, Richmond, Va., that it will issue its environmental assessment (EA) for the Cove...

Excelerate files FERC application for Lavaca Bay LNG project

02/24/2014 Excelerate Energy, The Woodlands, Tex., has filed a formal application with the US Federal Energy Regulatory Commission requesting authorization to...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected