While the purchase of @Nblenergy
makes @Chevron a dominant Permian player, its international component is also a big development in East Med gas markets, and potentially a turning point for Israel's threatened #natgas market. Lets dive in (Thread) #lng #energy #oott #energy Noble operates the two largest #natgas fields in Israel, Leviathan and Tamar, which hold a combined capacity of 2.4 Bcfd—well above Israeli’s domestic demand. ~70% of this production is locked into long-term sales deals, with an average sale price of $5.50/MMbtu

@Qatargas will choose partners for its massive #LNG expansion by year-end & its not unlikely #Qatar will choose an Asian NOC, such as China's CNPC or CNOOC, as a core partner. Why? Well its never just about economics in the Gulf #oil and #gas (thread) #OOTT #ONGT Choosing an Asian equity parter would reflect how #LNG is more than just an export for Qatar, it's a tool for the small #GCC nation, currently embargoed by its neighbors, to create global interdependencies