Delek | Cyprus Gas News keep you up to date with all news about Cyprus Gas and Oil reserves. http://www.cyprusgasnews.com Cyprus Gas News Thu, 17 Oct 2013 16:55:35 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Cyprus approves preliminary deal on gas processing facility with Noble, Delek, Avner. http://www.cyprusgasnews.com/archives/2773?utm_source=rss&utm_medium=rss&utm_campaign=cyprus-approves-preliminary-deal-on-gas-processing-facility-with-noble-delek-avner http://www.cyprusgasnews.com/archives/2773#comments Wed, 19 Jun 2013 17:14:56 +0000 Admin http://www.cyprusgasnews.com/?p=2773 NICOSIA, Cyprus — Cyprus’ deputy government spokesman says the Cabinet has ratified a preliminary agreement with U.S. firm Noble Energy and its Israeli partners Delek Drilling and Avner Oil Exploration on their participation in the development of a planned natural gas processing facility.

Victoras Papadopoulos didn’t disclose Wednesday details of the deal. Cyprus is looking to have the estimated 10 billion euro ($13.41 billion) facility up by 2020 to process offshore gas reserves for domestic use and export. The bailed-out country hopes the project will boost its struggling economy.

Noble, Delek and its subsidiary Avner are partners in a gas field off Cyprus’ southern coast that’s estimated to contain 5-8 trillion cubic feet of gas.

Cyprus has also licensed Italy’s ENI, France’s Total and South Korea’s Kogas to search for offshore gas.\

 

Published by: www.startribune.com

 

 

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