Delek Group adopts FID for Leviathan’s Stage 1A

Feb. 23, 2017
Delek Group has adopted a final investment decision for development of Stage 1A for the Leviathan natural gas discovery offshore Israel.

Delek Group has adopted a final investment decision for development of Stage 1A for the Leviathan natural gas discovery offshore Israel.

Stage 1A of the development plan has a proposed budget of $3.75 billion with a capacity of 12 billion cu m/year of gas starting by yearend 2019. This annual capacity rate was incorrectly reported as a daily rate in an earlier story (OGJ Online, Dec. 12, 2016).