Gazprom subsidiary signs protocol with potential buyers of Israeli gas
TEL AVIV. March 22 (Interfax) - Gazprom Marketing & Trading Switzerland AG, which Russia's Gazprom set up last year, has signed a protocol of intent with potential buyers of gas from Israel's offshore Tamar field, Israeli company Isramco Negev 2 LP said in a report for the Tel Aviv Stock Exchange.
A floating LNG plant will be built to export the field's gas. The construction project participants are Daewoo Shipbuilding & Marine Engineering Co. and D&H Solutions AS, which is a joint venture between Daewoo Shipbuilding and Norway's Hemla.
Israel has two major offshore fields - Tamar and Leviathan, both off the coast of the northern city of Haifa. Tamar, which is 80 km offshore, contains 238 bcm of gas, according to a reserves update published in February, and commercial development is expected to begin towards the end of 2012.
