Israel’s antitrust chief reviews Noble and Delek companies for creating a natural gas monopoly in Leviathan gas field on Tuesday.
David Gilo, Israel's antitrust commissioner, announced that he could cancel the deal with stakeholders to prevent being monopoly in Leviathan gas field located in the East Mediterranean.
Energy companies Delek and Noble are stakeholders with 85 percent in Leviathan field, one of the biggest hydrocarbon discoveries in recent years, and they are expecting to produce gas in 2018.
The Leviathan gas field has 621 bcm of natural gas reserves, which is located at the west of Haifa, Israel's third largest city. Noble Energy owns almost 40 percent of the gas field. Both Delek Drilling and Avner Oil from Israel have a 23 percent share and Ratio Oil Exploration has a 15 percent interest.
Noble Energy is an independent energy company engaged in oil and natural gas exploration and production. The Company has operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa.
The Delek Group, Israel's integrated energy company which works in natural gas exploration and production activities in Eastern Mediterranean's Levant Basin. Company discovered Tamar and Leviathan, two of the world's largest natural gas finds since 2000.
By Muhsin Baris Tiryakioglu