Israel’s monopoly watchdog has forced energy firm Delek Group and its partner, Noble Energy, to sell their interests in two gas fields in the Mediterranean amid competition concerns.
Delek said today in an online statement that their stakes in the Tanin and Karish fields would fetch $148.5million from Cypriot exploration and production company Energean E&P Holding.
Delek and Noble, which also own the Tamar and Leviathan gas fields off Israel, will be entitled to royalties if production from Tanin and Karish is realised.
They are thought to hold gas reserves of 3 trillion cubic feet.