Developers of the Tamar natural gas field off Israel’s coast announced Sunday that they had secured $900 million in financing for the project. The money is to be provided by a consortium of 11 banks, both foreign and Israeli, led by HSBC and Barclays.

The Tamar field — which contains approximately 9.1 trillion cubic feet of gas — is set to go operational in mid-2013, when it will become the main source of natural gas to Israel, replacing much of the natural gas which until recently was provided by Egypt.

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