Naphtha Israel Petroleum Corp shares advanced this week due to export concerns that weighed shares for other explorers.

Naphtha Israel Petroleum Corp has stakes in Isramco Negev 2 LP which is a partner in the Tamar gas field. The Tamar field is estimated to hold at least 10 trillion cubic feet of natural gas. This is compared to the projection set for Leviathan which holds an estimated 19 trillion cubic feet of natural gas.

Current partners involved in the Tamar field have set an agreement to sell at least US$39 billion worth of gas to many Israeli companies including the Israel Electric Corp with a contract that is set for the next 15 years. Israeli lawmaker petitioned a court order from the Parliament to make a decision regarding gas exports.

Senior analyst, Ella Friend from the Bank Leumi Le-Israel Ltd said today, "The gas from Tamar represents a flight to safety for the gas sector."