Tamar Partners, Dolphinus deal receives state approval

Delek Group’s gas subsidiaries informed that an approval was received for the export of natural gas to Dolphinus Holdings.

The agreement to export natural gas was signed by Tamar partners on February 19, 2014, with NBL Eastern Mediterranean Marketing, which signed back to back agreement with two companies from Jordan, Arab and Jordan Bromine.

During the 7-year term of the contract, Tamar partners will offer to supply the buyer a minimum cumulative volume of 5 bcm for the first 3 years of the contract.

According to Delek Group, Tamar partners estimate that the revenues from the sale of natural gas to Dolphinus Holdings could amount to USD 1.2 billion.

LNG World News Staff; Image: Delek Group