Israel Chemicals Ltd (ICL) has signed a non-binding memorandum of understanding (MoU) with Energean Israel Limited (Energean) to enter into negotiations for a definitive agreement to supply up to 13 billion cubic metres (bcm) of natural gas at a total consideration of approximately $2 billion over a 15 year period.
The gas will be used to power ICL’s power stations and facilities in Israel. Energean holds licenses to develop the Karish and Tanin natural gas fields in Israel’s territorial waters. The natural gas will be supplied to ICL by Energean from the commencement of Energean’s production of gas from the Karish and Tanin fields.
Israel Chemicals Ltd (ICL) has signed a non-binding memorandum of understanding (MoU) with Energean Israel Limited (Energean) to enter into negotiations for a definitive agreement to supply up to 13 billion cubic metres (bcm) of natural gas at a total consideration of approximately $2 billion over a 15 year period.
The gas will be used to power ICL’s power stations and facilities in Israel. Energean holds licenses to develop the Karish and Tanin natural gas fields in Israel’s territorial waters. The natural gas will be supplied to ICL by Energean from the commencement of Energean’s production of gas from the Karish and Tanin fields.
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