Cyprus Signs Deal for Natural Gas Terminal Talks With Noble, Avner, Delek

The agreement is the first in a series required for the implementation of the $10 billion project to transport natural gas abroad.

Delek Drilling, Avner Oil Exploration and Noble Energy signed a memorandum of understanding Wednesday with the government of Cyprus, launching talks for the construction of a $10 billion liquefied natural gas terminal on the island to tap vast reserves in the eastern Mediterranean seabed.