Tag Archive for gas exploration

| November 15, 2016
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Israel’s Energy Ministry opens Eastern Mediterranean for renewed gas exploration

 

Israeli officials have met with the CEOs of gas & oil companies from around the world, including the US, Europe, China & Australia, to begin searching for further energy deposits off Israel’s Mediterranean coast.

By SHARON UDASIN

 

After a four-year freeze in offshore natural gas exploration, National Infrastructure, Energy and Water Minister Yuval Steintiz declared Israel’s Eastern Mediterranean open for business on Tuesday.

“A year and a half ago when I entered my position, the gas was stuck, the sea was closed and the sector was strangled,” Steinitz said, at a Jerusalem press conference that morning. “We are changing this picture.” Continue Reading »

Category: Israel News | Tags: , , ,
| March 2, 2015
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WATCH: Israel’s Natural Gas Revenues Begin Flowing , but Still ‘Drop in the Bucket’

Israel coffers took in NIS 744 million ($188 million) in 2014 royalties for offshore gas fields, a 39% increase over 2013, but far short from the NIS 3.2-3.4 billion expected in a few years.

By Yaakov Levi

 

Israel took in NIS 744 million ($188 million) in royalties for offshore gas fields – a 39% increase over the year before. That, however, is a drop in the bucket compared to the NIS 3.2-3.4 billion (about $750 million) expected by 2019, the Energy and Water Ministry said Sunday.

A natural gas rig west of Haifa, Israel. – Photo: Albatross Aerial Perspective/AP

The 2013 and 2014 royalties came mostly from the Tamar and Yam Thetis gas fields. Continue Reading »

Category: Israel News | Tags: , , , , , ,