Tamar partners in talks to sell gas to Palestinians

By GLOBES / AMIRAM BARKAT
July 24, 2011 19:20

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Tamar partners are in talks with the Palestinian Authority to sell one billion cubic meters of natural gas to three power stations due to be built in Jenin, Ramallah, and Jericho in the West Bank.

Tamar partner Delek Drilling LP disclosed the negotiations in its prospectus on Thursday. "We are examining the option of exporting natural gas to the Palestinian Authority and neighboring countries," it said, the latter reference being to Jordan and Egypt.

"Globes" found that the Tamar partners and the Palestinians have held several meetings in neutral locations in Amman, Cyprus, and Greece. Representatives of Delek Group Ltd. and Noble Energy Inc. met with Palestinian Authority officials and executives of the private companies involved in the construction of the power stations.

Supplying gas to the Palestinian Authority would enable Israel to end its commitment to supply electricity to Palestinian customers in the West Bank, which will greatly increase Israel Electric Corporation's reserves. The Palestinian Authority is IEC's largest customer, consuming 7% of its output.

Related Content

Breaking news
August 15, 2018
U.S. targets Chinese and Russian firms with North Korea-related sanctions

By REUTERS