Delek firms secure Leviathan financing
Israel Noble Energy Israel
In a press release, the parent company said the entities had arranged between USD 1.5 billion and USD 1.75 billion, underwritten by HSBC and J.P. Morgan. Home to an estimated 510 bcm (18 tcf) in natural gas resources, the Mediterranean gasfield is operated by Noble Energy.
“Closing of the financing agreement brings Delek Group and our gas partnerships closer to taking the final investment decision to develop the Leviathan field. Completion of the long regulatory process allows us to concentrate on implementing the natural gas outline plan, to develop the Leviathan field, to supply the requirements of the Israeli energy market, and to extend export activities,” Delek President and CEO Asaf Bartfeld said in a statement.
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