Gas Subsidiaries Update

The following updates are based on information released by Delek Group gas subsidiaries, Delek Energy Systems Ltd., Avner Oil & Exploration L.P and Delek Drilling L.P. All financial and business information is given only for the convenience of the reader. The only official financial and business information, is that which is included in the officially published immediate reports and financial reports of Delek Group and its gas subsidiaries, to the Israeli Securities Authority and the Tel Aviv Stock Exchange, in Hebrew. In the event of any conflict between financial and business information given on this site and the Hebrew published immediate reports, the Hebrew published immediate reports shall prevail. More on Delek Group's disclaimer.

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Non-binding negotiation for acquisition & sale of LNG

Tel Aviv, March 22, 2012. Delek Group subsidiaries announced that in reference to the memorandum of understanding that was signed between the South Korean-based company Daewoo Shipbuilding and the partners of Tamar, for the establishment of a floating liquefied natural gas terminal (FLNG), a letter of intent was signed on March 21, 2012, between the marketing company (a JV between Daewoo & Next Decade LLC) and Gazprom Marketing & Trading Switzerland AG enabling non-exclusive and non-binding negotiations for the acquisition and sale of LNG that will be liquefied at the proposed FLNG plant.
For more information please see the immediate reports as published on TASE. http://maya.tase.co.il/bursa/indeximptoday.htm

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