Russia’s Gazprom No Longer Interested in Israeli Gas Field Development
Russian energy giant Gazprom will not continue the collaboration with the
Israel’s Leviathan gas field in the Mediterranean Sea, Russian media
reported Wednesday, citing an unnamed Gazprom source.
Russia
10:48 25.05.2016(updated 11:02 25.05.2016)
http://sputniknews.com/russia/20160525/1040207565/russia-israerl-gazprom-field.html#ixzz49hhF5Sab

MOSCOW (Sputnik) — Russian energy giant Gazprom is no longer interested in
participating in the development of Israel’s Leviathan gas field in the
Mediterranean Sea, Russian media reported Wednesday, citing an unnamed
Gazprom source.

According to the Vedomosti newspaper, the source did not specify why the
company had decided to abandon the project. Gazprom is reportedly not
considering any other projects in Israel at the moment.

In 2012, the company was in talks with Leviathan’s operating firms on buying
a 30-percent stake in the development project. At the time, Total,
ExxonMobil, ConocoPhillips, Chevron, Woodside Petroleum also wanted a part
in the project, however Gazprom offered the largest sum.

Currently, the Leviathan gas field, first drilled in 2011, is one of the
largest young gas reserves in the world. According to the US Geological
Survey, Leviathan’s volume of undiscovered reserves amounts to some 620
billion cubic meters of natural gas.