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100 events last month which influenced the LNG market-III: Developments in the Middle East
Jan 10: Bahrain LNG closed a USD 741 million syndicated loan. The LNG receiving project will have a capacity of 800 million standard cubic feet per day (6 million tonnes per year). Completion is expected in 2019.
8Israeli partners at the Leviathan gas field approved a goal to start gas production in 2019. Drilling will commence on an appraisal and production well in the first quarter of 2017. The first phase development calls for production of 12 bcm per year. While the Israeli partners include Delek Drilling and Avner Oil (22.67% each), and Ratio Oil (15%), a final investment decision for the development requires an approval from the field operator Noble Energy (39.66%).
8Gazprom and NIGC (National Iranian Gas Company) signed a memorandum of understanding (MOU).
8Shell has signed a memorandum of understanding (MOU) with National Iranian Oil Company (NIOC) "to further explore areas of potential cooperation."
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