Ministry gives nod to develop Noa gas field
Approval has been withheld up to now because of fears of complications with the Palestinian Authority.
Up to now, Landau has refrained from ordering development of the Noa field, fearing that this would lead to diplomatic problems vis-à-vis the Palestinian Authority. "Globes" reported in the past that Prime Minister Benjamin Netanyahu discussed the matter with President of the Palestinian Authority Mahmoud Abbas.
A letter sent yesterday by recently appointed Petroleum Supervisor Michael Gardosh states that the total amount of gas that will be produced from the field is 1.2 billion cubic meters. This quantity should make up the shortfall in gas liable to arise if gas supplies from Egypt are cut off of if there is a delay in the supply of gas from the Tamar discovery.
Published by Globes [online], Israel business news - www.globes-online.com - on June 13, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
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