Tag Archive for gas deal

The US/Russia engineered ‘not-so-secret’ Israel-Lebanon gas deal

With neither Israel nor Lebanon acknowledging the historic deal, Washington and Moscow are said to have orchestrated this ‘no longer secret’ Israel-Lebanon gas deal in order to undermine Iran’s control over Lebanon.

By Debbie Mohnblatt, The Media Line

 

Israel has reportedly signed a secret agreement to supply natural gas to energy-starved Lebanon, through Egypt, Jordan and Syria.

Amos Hochstein, the U.S. senior adviser for energy security, brokered the deal signed on Saturday in which Israeli gas may end up in Lebanon, Israeli media reported.

Gas would be pumped from the Leviathan offshore extraction station, 81 miles west of Haifa, and shipped via a pipeline through Egyptian, Jordanian and Syrian territory. Continue Reading »

Jordanian lawmaker asks Jordanians to martyr themselves against gas deal

Prior to the electrical equipment of Israel-Jordan gas-line being torched yesterday in protest to the upcoming import of natural gas from Israel, Jordanian parliamentarian Tariq Khoury demanded, “Every free man in Jordan must sacrifice himself and his children to blow up a gas line that passes through Jordanian territory, we are all martyrs of the project.”

By TZVI JOFFRE

 

Two electrical transformers servicing a gas transfer station intended to transport gas from the Leviathan natural gas field in Israel into Jordan were torched by unidentified people in Irbid in northern Jordan on Saturday.

According to Sky News Arabia, this is not the first attack against the gas transfer station in Irbid. Continue Reading »

Israeli companies to pump gas to Egypt in $518 million deal

Israel’s Delek Group, Noble Energy are acquiring 40% of the Egypt-Israel gas pipeline with rights to operate it, enabling the Israeli companies to pump gas to Egypt as early as this year, assuming it will still be in demand.

By Lior Gutman

 

After several weeks of frantic negotiations, the Israeli drilling companies Delek Drilling LP, Noble Energy Inc., and the Egyptian East Gas Co. signed a deal to buy a 39% stake in the EMG pipeline to export natural gas to Egypt starting next year, the partners said on Thursday.

Israel’s Energy Minister Steinitz said the deal marked a ‘very important milestone’

Talks about a future Israeli-Egyptian gas deal were reported a few months ago by Calcalist. Continue Reading »

WATCH: Netanyahu announces $15B natural gas deal sold to Egypt

Gas operators Delek and Noble of Israel’s Tamar and Leviathan natural gas fields will supply Egypt with seven billion cubic meters of gas annually, in a deal worth an estimated $15 billion.

By MAX SCHINDLER

 

The operators of Israel’s Tamar and Leviathan natural gas fields have signed decade-long contracts to sell $15 billion worth of natural gas to Egypt, according to a statement from Delek Drilling on Monday.

Israel announces new agreement to export natural gas to Egypt, February 19, 2018./GPO – TRANSLATION: “I welcome the historic agreement now published on the export of Israeli gas to Egypt. This will bring billions into the coffers of the state, in favor of the education, health and welfare of Israeli citizens. Continue Reading »

Egyptian Conglomerate to Buy $1.2 billion of Natural Gas From Israel’s Tamar Group

A group of private customers in Egypt calls for a 7-year deal, of a minimum 5 billion cubic meters (bcm) of gas to be sold in the first 3 years.

By Reuters

 

A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel’s offshore Tamar field via an old pipeline built to send gas to Israel.

The Tamar natural gas field – Photo: Albertos

The Tamar partners said on Wednesday they signed a seven-year deal with Dolphinus Holdings, a firm that represents non-governmental, industrial and commercial consumers in Egypt, that calls for a minimum 5 billion cubic meters (bcm) of gas to be sold in the first three years. Continue Reading »

Jordan steps out of natural gas negotiation with Israel on a 15 year-$15 billion deal

 

 

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 »

Jordanian Gov’t Defends Israel Gas Deal From Domestic Opposition

Jordanian parliamentary opposition to their gas deal with Israel grows as public protests & lawmakers attempt to cancel the deal.

By Arutz Sheva Staff

 

Jordanian plans to buy gas from Israel have aroused fierce opposition in the kingdom at a time of mounting criticism of the Jewish state’s policies toward Palestinians.

Jordan's parliament

Jordan’s parliament – Reuters

Parliament began debating the proposed gas deal on Tuesday, after 79 lawmakers in the 150-seat house filed a motion calling for it to be scrapped.

“Gas supply is part of national security, so how can we link it to an enemy who does not respect its commitments?”

Continue Reading »