Tag Archive for gas

| April 23, 2012
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Egypt ends gas deal with Israel, stakeholder says

Egypt’s energy companies inform EMG they have terminated agreement to supply gas to Israel. Source: Deal’s termination will set Egypt 30 years back, ‘both economically and politically’

 

Egypt‘s energy companies have terminated a long-term deal to supply Israel with gas after the cross-border pipeline sustained months of sabotage since a revolt last year, a stakeholder in the deal said on Sunday.

Blast at Egypt gas pipeline (archives) Photo: EPA

Blast at Egypt gas pipeline (archives) - Photo: EPA

Ampal-American Israel Corporation, a partner in the East Mediterranean Gas Company (EMG), which operates the pipeline, said the Egyptian companies involved had notified EMG they were “terminating the gas and purchase agreement.” Continue Reading »

Category: Mid-East News | Tags: , ,
| April 19, 2012
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‘Tamar gas may be available before April 2013’

Noble Energy CEO tells PM Netnayahu that he would make every effort to meet and even beat April 2013 target date for Tamar gad field production

 

The Energy Ministry is claiming that Noble Energy has not supplied the ministry with essential data pertaining to the production of natural gas in Israel.

In a meeting held on Monday between Energy Minster Uzi Landau and Noble Energy CEO Charles Davidson who is currently visiting Israel, ministry officials laid out a list of claims regarding the company’s recent actions.

(Illustration: Shutterstock)

Tamar may be operational next year - Photo Illustration: Shutterstock

Davidson and Noble Energy Director of Eastern Mediterranean Operations, Lawson Freeman also met with Prime Minister Benjamin Netanyahu at his office. Continue Reading »

Category: Israel News | Tags: ,
| April 10, 2012
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IDF considering interceptors for sea-based gas platforms

Fearing missiles, Navy seeking budget for 4 new vessels to improve defense coverage of Mediterranean Sea; Israel concerned Hezbollah will try to attack platforms.

 

The IDF is considering the deployment of missile interceptors on gas rigs that Israeli companies plan to construct in the eastern Mediterranean Sea in the coming years, The Jerusalem Post has learned.

Israel’s concern is that Hezbollah will try to attack the platforms with anti-ship missiles or explosives-laden vessels.

Leviathan holds 453 billion cu.m. of gas – Photo: Albatross

 

The navy is particularly concerned about Syria’s recent purchase of the Russian Yakhont anti-ship missile, which could be transferred to Hezbollah and used to target the gas rigs. Continue Reading »

Category: Mid-East News | Tags: ,
| April 6, 2012
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State to allow export of 50% of gas reserves

A committee chaired by the director general of the Energy and Water Resources Ministry Shaul Tzemach, decided that Israel needs to have some 400 billion cubic meters of gas as a strategic reserve at any one time; the rest may be exported to foreign countries.

The Tzemach Committee on Energy Policy has recommended keeping only 25 years of natural gas reserves for Israeli use, and allowing producers to export the rest. The committee published its interim report yesterday and will now accept public comments before preparing its final recommendations.

drilling platform

A drilling platform in the Tamar offshore natural gas field - Photo by Albatross

The committee, chaired by the director general of the Energy and Water Resources Ministry Shaul Tzemach, decided that Israel needs to have some 400 billion cubic meters of gas as a strategic reserve at any one time; the rest may be exported to foreign countries.

Continue Reading »
Category: Israel News | Tags: ,
| March 25, 2012
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Economic distress, not ideological fervor, is behind Sinai’s terror boom

When looking for the motivation behind the 13 explosions that hit the gas line connecting Egypt and Israel, it’s too easy to blame al-Qaida.

Egyptian security forces breathed a sigh of relief twice this week. Once after Bedouin from the Rafah region agreed to lift the siege of the military base used by international peacekeepers in Sinai, and another time after Bedouin from Nuweiba “agreed” to release a Czech woman who was taken hostage while acting as a tour guide to a group of 15 Czech tourists who were on their way to Sharm el-Sheikh.

The three previous abductions, of U.S., Continue Reading »

Category: Israel News, Mid-East News | Tags: , ,
| March 13, 2012
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Israel Strikes Oil Off Tel Aviv Coast

Israel has struck oil again, this time off the Tel Aviv coast. Owners say the find includes 100 million barrels of oil, worth $10 billion.

 

Israel has struck oil again, this time off the Tel Aviv coast. Developers maintain the find includes 100 million barrels  of oil, worth $10 billion.

Modiin Energy and Adira Energy discovered an estimated 128 million barrels of oil and 1.8 trillion cubic feet of gas in shallow water less than 15 miles northwest of Tel Aviv.

Oil tankers in New Jersey -- coming soon to Israel?

Oil tankers in New Jersey -- coming soon to Israel? Photo by: Reuters

Officials called the find “significant” and added, “Surveys conducted in recent months found oil in the target strata. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , ,
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