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Noble Energy announces LOI with Union Fenosa Gas


Published May 7, 2014
Noble Energy, Inc.

Noble Energy, Inc. announced the execution of a non-binding Letter of Intent (LOI) between the Tamar field partners and Union Fenosa Gas SA (UFG) for the supply of natural gas from Tamar, offshore Israel, to UFG's existing natural gas liquefaction facilities in Egypt.

The LOI contemplates a contract term of 15 years and a total gross sales quantity of up to 2.5 trillion cubic feet (Tcf) of natural gas, or approximately 440 million cubic feet per day over the period.

Tags: Noble Energy




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