19 April 2024
Israeli government may provide funding for Tamar natural gas field
Publication date: 23 November 2010
Gas Strategies Group
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The Israeli government may provide funding to the Noble Energy-led consortium to help develop the Tamar gas field off the coast of Israel. The consortium is reportedly struggling to close financing for the $3 billion project as a newly-proposed progressive tax regime on upstream oil and gas development will affect the profitability of the Tamar venture.