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Leviathan Find May Spur Israel Gas Export, Delek Says

The Leviathan natural gas find in waters off Israel may hold enough to support exports to Europe and Asia, said Asaf Bartfeld, chief executive officer of Delek Group Ltd., one of the block’s partners.

Noble Energy Inc., the operator, today said the prospect may hold 16 trillion cubic feet of gas and has a 50 percent chance of “geologic success.” It also raised its resource estimate for the nearby Tamar field to 8.4 trillion cubic feet and said the area may hold a potential 30 trillion cubic feet, more than twice the U.K.’s proven gas reserves.