ICL signs natural gas agreement
Published by Anna Nicklin,
Assistant Editor
Hydrocarbon Engineering,
ICL has announced the signing of a Memorandum of Understanding and binding contract with Energean Israel Ltd. Under the contract, Energean will supply ICL with up to 13 billion m3 of natural gas for a total consideration of up to US$1.9 billion over a 15 year period.
Natural gas supply will commence in 2H20 at the earliest. This timeframe is subject to the start of production at the Karish and Tanin gas fields in Israels’ territorial waters, which are currently being developed.
ICL will use the natural gas to power plants in Israel.
The agreement is subject to approvals.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/07122017/icl-signs-natural-gas-agreement/
You might also like
The Hydrocarbon Engineering Podcast - Insights into the UN Global Plastics Treaty negotiations
In this episode of the Hydrocarbon Engineering Podcast, Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel & Petrochemical Manufacturers (AFPM), discusses the outcomes of the final round of UN negotiations for a Global Plastics Treaty.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
