By JAMES MARSON
MOSCOW -- OAO Gazprom has signed a deal to market liquefied
natural gas (LNG) from the Tamar floating LNG project in Israel, the Russian gas
giant said in a statement Tuesday.
Gazprom Marketing & Trading Switzerland signed heads of
agreement for exclusive offtake from the Tamar project for 20 years with Levant LNG
The state-controlled energy firm is increasing its
involvement in LNG as demand for gas delivered by pipeline to
Europe, its most lucrative market,
In recent years, large amounts of natural gas have been
discovered off Israel's coast. The Tamar field contains around
9 trillion cubic feet of gas.
The Tamar LNG project, based on the Tamar and
Dalit offshore fields, is scheduled for commissioning in 2017
and expected to produce 3 million tpy of LNG.
Dow Jones Newswires