Tag Archive for PPGO

Leviathan gas partners sign 1st gas export agreement with Palestinian power company

 

The partners managing Israel’s large natural gas reservoir have signed a $1.2 billion agreement to supply the Palestine Power Generation Company.

 

 

 

The drilling partners behind Israel’s large Leviathan gas reservoir have sealed their first export deal for the basin – a $1.2 billion sales agreement with the Palestine Power Generation Company.

 Officials from Delek and the Palestinian Authority - Photo: Chen Galili

Officials from Delek and the Palestinian Authority – Photo: Chen Galili

According to the agreement, signed at the American Colony Hotel in Jerusalem on Sunday, PPGC will buy around 4.75 billion cubic meters of gas for a period of 20 years, to fuel a future power plant in Jenin with a 200-megawatt capacity. Continue Reading »