Israeli regulators declared owners of the Mediterranean fields as having gas monopoly, making the Hashemite Kingdom’s decision easy, considering original deal triggered angry reaction from Jordanian parliamentarians, who oppose normalization with the Jewish state.
By JPOST.COM STAFF
Jordan is reportedly suspending negotiations with Israel over plans to import natural gas.
Jordan’s King Abdullah (R) reviews an honor guard in Amman. – Photo: REUTERS
The move comes after anti-trust regulators in Jerusalem last month declared the proprietors’ control of the Leviathan gas field in the Mediterranean Sea as monopolistic, the Jordanian daily newspaper Al Ghad is reporting on Sunday. Continue Reading »
Delek Drilling, one of basin’s stakeholders, announced in its financial report for 2014, that among several regional letters of intent & deals discussed for both the Tamar & Leviathan reservoirs, was a letter of intent signed between the Tamar partners & the Spanish firm Union Fenosa Gas.
By SHARON UDASIN
Israel’s sizable Leviathan gas reservoir will likely begin flowing by the beginning of 2018, the basin’s stakeholders announced on Wednesday night.
Israel’s natural gas. – Photo: MINISTRY OF NATIONAL INFRASTRUCTURES
Delek Drilling, a member of the Leviathan partnership, made the announcement in the company’s third quarter financial report for 2014. Continue Reading »
The drilling partners behind Israel’s large Leviathan gas reservoir have sealed their first export deal for the basin – a $1.2 billion sales agreement with the Palestine Power Generation Company.
Officials from Delek and the Palestinian Authority – Photo: Chen Galili
According to the agreement, signed at the American Colony Hotel in Jerusalem on Sunday, PPGC will buy around 4.75 billion cubic meters of gas for a period of 20 years, to fuel a future power plant in Jenin with a 200-megawatt capacity. Continue Reading »