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Posted on 04/16/2010 2:12:35 PM PDT by kronos77
JERUSALEM, April 13 (Reuters) - Russia's Gazprom (GAZP.MM: Quote, Profile, Research) may join the exploration race for a new natural gas windfall off the coast of Israel, Israeli media reported on Tuesday.
Financial daily Globes on its Web site reported Gazprom, together with Israel's Modiin Energy (MDINp.TA: Quote, Profile, Research), the IDB Group (IDBH.TA: Quote, Profile, Research) and Israel Land Development (ILDC.TA: Quote, Profile, Research), was considering vying for a new tender for exploratory offshore drilling.
Officials at both Israel's Infrastructure Ministry and Modiin Energy declined to comment on the report. Gazprom was not available for immediate reaction.
U.S. group Noble Energy (NBL.N: Quote, Profile, Research) has been the major international player in the Israeli natural gas market, leading an exploration group at a number of deep-sea sites.
The group shook the local energy market last year when it announced the reserves of its Tamar site, located 90 km off the Mediterranean port of Haifa, were estimated at 7.3 trillion cubic feet (tcf) (207 billion cubic meters), enough to supply Israel with natural gas for about 20 years.
(Excerpt) Read more at in.reuters.com ...
Ping!
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