Noble Energy Inc. (NYSE: NBL) will make every effort to meet, and possibly beat, the April 2013 target date for natural gas production at the Tamar field, chairman and CEO Charles Davidson told Prime Minister Binyamin Netanyahu at their meeting at the Prime Minister's Office Monday.
Netanyahu said that he sees a vital need in the rapid planning and construction of an additional natural gas terminal in Israel, which is essential for the energy security of the State of Israel and the stability of the major companies operating in the region.
Davidson and Noble Energy director of Eastern Mediterranean Operations Lawson Freeman told Netanyahu that the company would be able to supply additional natural gas for the Israeli market by developing the Noa field and the smaller fields around the Yam Tethys field.
The Prime Minister's Office called the meeting "routine." The participants discussed the Tzemah Committee recommendations on the structure of Israel's natural gas market and gas exports. The committee's interim reports included problematic recommendations for Noble Energy and its Israeli partners in the Tamar and Leviathan fields. Energy industry sources believe that Davidson asked Netanyahu to ease some of the committee's recommendations.