Cairn Energy has been linked with a potential purchase of a stake in Israel’s offshore Tamar gas field from Delek Drilling.
Delek Drilling has raised $2.25 billion through a bond issue to refinance debt taken out for its Leviathan project.
Gas exports from Israel’s Leviathan field to Egypt began on January 15.
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
Israel has approved permits to export gas to Egypt, from offshore fields. First exports are expected in January.
Egypt and Israel have signed a natural gas supply deal at the Investment for Africa Forum, with the US government stepping in to provide insurance on the agreement.
Houston's Noble Energy said it will sell a 7.5 percent stake in its large Tamar gas field offshore of Israel in the Mediterranean for $800 million.