Early Warning System

Countries

Israel
Jordan

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

US International Development Finance Corporation (DFC)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

NOBLE ENERGY INTERNATIONAL LTD

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 21, 2020

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank documents, this package consists of an Israeli Project and a Jordanian Project.

The project in Israel is the development of the Leviathan gas field offshore Israel for the exploration and production of natural gas and condensate (the “Israel Project”). The Leviathan field is located in the Mediterranean Sea, in water depths of 1600 to 1750 meters, approximately 125 km off the coast of northern Israel, and is estimated to contain 21.9 trillion cubic feet (“tcf”) of natural gas and 39.4 million barrels of condensate. The natural gas from the Project will be produced from high-rate subsea wells through a subsea production system connected to a fixed platform facility for gas depressurization and treatment to be located in the TAMA 37H block offshore Israel approximately 10 km west of the the Dor area. Gas for sale and consumption within Israel will be transported from that fixed platform via a pipeline to the Israel Natural Gas Lines, Ltd. (“INGL”) onshore gas pipeline grid.

Gas for export sales in Jordan will also be transported via the INGL system, including looping of an existing 32 km pipeline from Tel Kashish to Alon Tavor and construction of a 26 km pipeline from Alon Tavor to the Jordanian border. The Project facilities have an initial module capacity of 1,200 million standard cubic feet (“mmscf”) per day. Gas sales to Jordan will be made through NBL Jordan Marketing Limited (“NBL”). NBL will be signing a 15-year gas sale and purchase agreement with National Electric Power Company (“NEPCO”), a Jordanian company wholly-owned by the Government of Jordan (GOJ”) (the “NEPCO GSPA”), with a contract quantity of 300,000 million British thermal units per day (mmbtu/day). NEPCO’s obligations under the NEPCO GSPA will be guaranteed by the GOJ (the NEPCO GSPA, the “Jordan Project”.)

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

US International Development Finance Corporation (DFC)

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Noble Energy International Limited	Contractor	-

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Noble Energy Mediterranean Ltd.
Ackerstein Towers, Building D
12 Abba Eban Boulevard
Herzelia Pituach 46725
Israel