The IEC has signed a new agreement with the Tamar reservoir


The IEC announced that it had agreed with some of the rights holders in the Tamar reservoir to purchase an additional quantity of gas from the reservoir at a reduced and differential price. The price in the agreement depends on the quantity purchased and in any case is relatively low compared to the one originally agreed upon (according to estimates, the maximum price is $ 4.4 per unit of heat).

The agreement reached by the IEC was made with some of the partners in the Tamar reservoir, headed by Isramco (and does not include Noble Energy). And Whale and allows the IEC to purchase transducer gas at a price lower than the price it received from Whale.

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