Israel marketing natural gas to Turkey

Israeli energy companies are in talks with international banks for $ 2 billion worth of annual natural gas exports to Turkey

Israel marketing natural gas to Turkey

World Bulletin / News Desk

After the Russian crisis, Turkey has been on the hunt for alternative gas resources and is currently in negotiations with Israeli firms and banks - the estimated amount of the deal is said to be around the $2billion mark.

Noble Energy and Delek Group , partners in Israel’s Leviathan natural gas discovery, are seeking to raise $3.5B-$4B to develop the offshore field and are in talks with banks on funding plans, Bloomberg reports.

A loan to cover 65 percent of the project will be funded by Citigroup, HSBC, BNP Paribas, JP Morgan and are also in talks with Natixis.

Last Mod: 22 Mart 2016, 11:45
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