Illustration; Image Courtesy: Wison Offshore & Marine (Wison)


Under the deals, signed on July 29, the partners, including Delek Drilling, Noble Energy and Ratio Oil Exploration, are looking to receive plans for the construction of the FLNG facility for the field off the country’s Mediterranean coast from either company.

Afterwards, the parties would enter into a long-term agreement with one of the companies that would finance, build, operate and maintain the facility if a final decision is made to go ahead with the project, Reuters explained.

The facility, to be located offshore Israel, is envisioned to have an estimated capacity of 2.5 to 5 million tons of LNG per year.

Reuters added that, according to the plan being examined, natural gas would be piped from the Leviathan production platform to the FLNG facility, where the gas will be liquefied and transferred to LNG vessels.