Tamar Group Signs $750M Gas Supply Contract

Law360, New York (January 26, 2012, 2:07 PM EST) -- A group developing the Tamar natural gas field off the coast of Israel has signed a $750 million supply contract with Israeli paper products manufacturer Hadera Paper Ltd., the paper maker announced Wednesday.

The Tamar group, led by Houston-based Noble Energy Inc., agreed to supply Hadera with up to 116.5 billion cubic feet of natural gas over 15 years, Hadera said. Under the terms of the contract, the group will begin supplying Hadera with natural gas in the second half of 2013.

Hadera said it expected...
To view the full article, register now.