The memorandum of understanding between Isramco and Mubadala could lead to an export deal of up to 80 billion cubic meters of natural gas from the Tamar reservoir, valued at approximately $20 billion, according to Globes. If finalized, it would be the largest export deal in the history of the Tamar field.
The memorandum of understanding signed between Isramco and Mubadala, an Emirati investment firm, represents a potential breakthrough for Israel's natural gas exports. According to a report by Globes, the deal could involve up to 80 billion cubic meters of gas from the Tamar reservoir, offshore Israel, with an estimated value of $20 billion. If finalized, it would be the largest export agreement for the Tamar field since its discovery. The MoU is a preliminary step; a binding agreement would require further negotiations and approvals.
- StrongGas flow begins on new Ashdod-Ashkelon offshore pipeline, boosting exports to Egypt
- DevelopingSyria signs gas development deal with two US companies
- StrongReport: Three Saudi oil tankers with 6 million barrels cross Strait of Hormuz
- DevelopingEgypt signs agreements for $420M Red Sea power plant with Dubai firm
Source and signal
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Internal intake