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The topsides are 102 meters long, 80 meters wide and will stand 47 meters above sea level. The platform flare boom, permitting the safe burning of gas, will stretch to 130 meters above sea level.
Cyprus, a member of the EU, says it has exclusive economic rights in the waters and Turkey's actions violate its sovereignty.
Under the deal, Egypt will pay the fine over eight and a half years to the state-owned Israel Electric Corporation.
The proposed 2,000 kilometer (subsea pipeline would connect gas fields offshore Israel and Cyprus with Greece and possibly Italy.
By SHARON UDASIN
Energy Minister Yuval Steinitz wants to see Israel become part of a regional hub supplying Turkey and Europe with natural gas.
The development of Leviathan, which is scheduled to take about three years, constitutes both the largest energy project and financial investment in Israel in the country's history.
The partners signed the financing agreement with a consortium of about 20 international and Israeli lenders, led by J.P. Morgan Limited and HSBC Pank Plc.
Total's chief executive said that its investment decision hinges on the renewal of US sanctions waivers.
Greece's Energean Oil & Gas purchased the Israeli gas reservoirs Karish and Tanin from the Delek Group in a $148 million deal.
The Atwood Advantage arrived to Israel’s waters on October 21 after a stint in the Gulf of Mexico, where it also worked for Noble Energy.
Greek developer Energean: Gas expected to flow by 2020.
"A year and a half ago when I entered my position, the gas was stuck, the sea was closed and the sector was strangled,” Steinitz said, at a Jerusalem press conference. “We are changing this picture."
Energy minister Steinitz to meet with Greek, Cypriot counterparts in Athens on Wednesday.
By HERB KEINON,SHARON UDASIN
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