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Project Insights

Leviathan players re-examine FLNG option

With rival FEED bids invited for the construction of an FLNG facility, the developers of Israel’s largest gas field believe they can find global buyers where local and regional options are limited With rival FEED bids invited for the construction of an FLNG facility, the developers of Israel’s largest gas field believe they can find global buyers where local and regional options are limited.
By James Gavin 8 August 2019 Middle East & Africa / LNG 0 34470
A drillship in the Leviathan field. (Noble Energy)

The key issue: Leviathan partners Noble Energy, Delek Drilling and Ratio Oil announced a pair of interim agreements with Golar and Exmar on 29 July that put FLNG back on the table – five years after the concept was first mooted as part of a plan backed by Woodside Petroleum.  

Interfax analysis: The recent decision by the partners in Israel’s Leviathan field to dust off an old plan for FLNG development is a bold gambit in a market where substantial new liquefaction capacity is coming onstream and...