Greece’s Energean to supply Israeli power companies from Karish, Tanin fields

Delek and Noble face first major challenge in Israel’s gas market: Greece's Energean Oil & Gas Group signed contracts to supply to Dalia Power Energies and Or Power Energies with natural gas from the Karish and Tanin fields offshore Israel, in what Bloomberg calls the first agreement to rival dominant Israeli suppliers Delek and Noble Energy. Energean will supply 23 bcf of gas at a cost linked to the Israeli electricity market and underpinned by a floor price, which the company says will be less than what Israel Electric Corp pays to Tamar field partners Delek and Noble.