Israel's Leviathan to produce 12 Bcmy of gas in stage 1
11/3/2016
(Reuters) Partners in Israel's Leviathan natural gas field said the project's first development stage will include a capacity of 12 Bcmy of gas.
Later stages could include an additional 9 BCM of gas a year.
Partners estimate positive cash flow and royalties from the field to begin in 2020.
Partners in Leviathan include Texas-based Noble Energy with 39.66% stake, Israel's Avner Oil and Delek Drilling who each have a 22.67% share, and Ratio Oil with the remaining 15% stake.
Reporting by Ari Rabinovitch; Editing by Tova Cohen
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