Delek Group proposes LNG plant in Cyprus to process massive natural gas finds offshore Israel

By Phaedra Friend Troy

According to a report from Reuters, Israeli energy investment firm Delek Group has proposed the construction of a liquefied natural gas (LNG) processing facility in Cyprus.

The LNG facility could support the recent natural gas finds offshore Israel, including Leviathan and Tamar.

The Middle East Economic Survey (MEES) reported that Delek proposed to the Cypriot government that it build an LNG facility that could both receive, as well as process natural gas into LNG.

Delek officials would not comment on the report.

Delek holds interest in the massive natural gas finds, including Noa, Mari-B and Tamar, operated by Noble Energy Inc. (NYSE:NBL) offshore Israel.



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