According to a conservative estimate by the Accountant General, Israel's natural gas reserves are worth NIS 20 billion - not including Leviathan, which could generate an additional NIS 60 billion for the state coffers
Tamar partners set to sign $3b gas deal with Dorad
Dorad Energy had signed a contract with Egypt's EMG, but has to reach an agreement with the Tamar partners after the deal was cancelled.
17 June 12 19:32, Amiram Barkat
Independent power producer (IPP) Dorad Energy Ltd. is due to sign a $3 billion natural gas purchasing contract with the Tamar partners within days. Dorad signed a contract with Egypt's East Mediterranean Gas Company (EMG) in 2007, but was forced to reach a deal with the Tamar partners after EMG's Egyptian suppliers cancelled their contracts with it.
The Israeli press seems to play "The Little Match Girl" theme out when it comes to overseas energy corporations lack of enthusiasm on inward investment but Israel is bedevilled by a state controlled power company that has considerable influence. They want that NG at prices and terms that will have a knock on effect on the present value / share price of any company involved in extraction.
Natural gas from the Noa field in the Mediterranean has started to flow, one of the partners of the exploration group said on Sunday, which will help Israel prevent an electricity shortage in the wake of Egypt's decision to cut natural gas supplies.