Leviathan Partners Sign $2 bln Israeli Power Plant Natgas Deal

MEDITERRANEAN SEA, ISRAEL - FEBRUARY 2013: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel. (Photo Photo by Albatross via Getty Images)
Albatross via Getty

JERUSALEM, Dec 1 (Reuters) – The partners in the Leviathan natural gas field off Israel’s coast said on Thursday they signed a deal worth about $2 billion to supply gas to Dalia Power Engines.

Under the deal, Dalia — the largest private power plant in Israel — will receive 8.8 billion cubic meters of gas for up to 20 years once production starts.

Leviathan, which is expected to start production in 2019 or 2020, was discovered in the eastern Mediterranean in 2010. Much of its 622 cubic meters of natural gas is earmarked for exports, while the Leviathan partners have already signed supply deals within Israel and abroad, including with Jordan.

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