Noble-Led Tamar Group, Israeli Cos. Ink $1B Gas Contract

Law360, New York (January 10, 2012, 4:26 PM EST) -- Texas energy company Noble Energy Inc. has signed a $1.2 billion contract with two Israeli power companies to supply them with natural gas from the Tamar field off the coast of Israel, Noble said Tuesday.

Noble and its investment partners in the Tamar field agreed to provide Ramat Energy Negev Ltd. and Ashdod Energy Ltd. with natural gas for 16 years beginning in 2014.

The expected closing date of the deal was not disclosed. A Noble spokesman was not available for comment Tuesday.

The Tamar field,...
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