According to bank documents, the project involves the supply of gas to National Electric Power Company (“NEPCO”) under a 15 year gas sale and purchase agreement (“GSPA”) by NBL Jordan Marketing Limited (“NBL”). NBL is owned by the Insured, through Noble Energy Mediterranean Limited (“NEML”), the operator of the Leviathan Field, and its Israeli partners in an unincorporated joint venture Avner Oil
Exploration Limited Partnership, Delek Drilling Limited Partnership, and Ratio Oil Exploration (1992) Limited Partnership (the “Leviathan JV Partners”). NBL will supply 45 billion cubic meters (“bcm”) of natural gas from the Leviathan gas field (“Leviathan Field”) offshore Israel to NEPCO under the GSPA (the “Project”). NEPCO’s payment obligations under the GSPA will be guaranteed by the government of Jordan (“GoJ”) (the “GoJ Guarantee”).
*Contact information not provided at the time of disclosure*