Tag Archive for Leviathan

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 »

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 »

Australia’s Woodside buys 25% of Israel’s largest gas well, the Leviathan

 

Australian energy firm to acquire 25% ownership of Israeli reservoir in $2.71 billion deal.

 

 
Amid months of uncertainty and lack of transparency surrounding Leviathan gas reservoir arrangements, Australian hydrocarbon firm Woodside is expected to sign a $2.71 billion agreement to acquire a 25-percent share of the field on Thursday evening.
Leviathan gas field - Albatross - 09012012

Leviathan holds 453 billion cu.m. of gas [file] Photo: Courtesy of Albatross

The agreement will build upon a memorandum of understanding signed with the reservoir’s partners on February 7, which provided a framework for final negotiations, following months of uncertainty and anticipation surrounding the agreement. An original agreement in principle occurred among the parties in December 2012, which had called for Woodside to acquire a larger, 30% stake of the reservoir.

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Leviathan gas partners sign 1st gas export agreement with Palestinian power company

 

The partners managing Israel’s large natural gas reservoir have signed a $1.2 billion agreement to supply the Palestine Power Generation Company.

 

 

 

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

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 »

Australia’s Woodside buys 30% of Israel’s largest gas well, the Leviathan

Country’s 2nd largest gas producer agrees to $696m. initial payment

CEO: We’ll pursue a Liquified Natural Gas  plant (for

export from Israel ) as quickly as we can.

By BLOOMBERG, JPOST.COM STAFF

 

Woodside Petroleum, Australia’s second-largest gas producer, agreed to pay an initial $696 million for a stake in Israel’s largest natural gas field.

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

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

Woodside will acquire a 30 percent interest in the Leviathan field, estimated to contain 17 trillion cubic feet of gas, from partners Noble Energy Mediterranean Ltd., Delek Drilling, Avner Oil Exploration and Ratio Oil Exploration, the Perth-based company said Monday in a statement.

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