The partners in the Leviathan gas field in the Mediterranean have approved the development plan and are targeting start-up by the end of 2019.
Noble holds the operatorship and 39.66% of Leviathan, Avner has 22.67%, Delek is on 22.67% and Ratio Oil has 5%.
Leviathan, off the Israeli coast, is one of the largest offshore gas finds of the past decade.
Asaf Bartfeld, president and CEO of Delek Group, said: “Approval of the Development Plan, work plan and proposed budget for the development of stage 1A of the Leviathan project, as well as the authorization of the Delek Group Partnerships’ managements to approve the Leviathan FID, will allow us meet the group’s target of first gas from Leviathan to the Israeli market and to countries in the region by the end of 2019”.