(Globes) UBS analyst Roni Biron says the production platform for Israel's Tamar natural gas field "reached its destination last week and is on track to commence supply in April. Phase-1 capacity is over-subscribed with the latest domestic contracts and phase-2 will be needed to accommodate future demand." "We therefore see limited development and commercial risks alongside attractive cash flow in the coming decades and raise our project valuation to $10.4 billion." As for Leviathan field, Biron says, "Given its critical mass and geographical location, we see a strong case for Leviathan, as Asian and European off-takers look to diversify and secure supply."
2013-01-10 00:00:00Full ArticleBACK Visit the Daily Alert Archive