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 »
Egyptian President al-Sissi praised the $15 billion natural gas arrangement with an Israeli energy company that will facilitate Egypt’s move into a regional energy hub with the purchase of 64b m³ of gas to Egypt’s Dolphinus Holdings over 10 years.
By The Associated Press
The Egyptian president declared that his country “scored a goal” by signing a $15 billion deal with an Israeli company to supply natural gas that will help turn Egypt into a regional energy hub.President Abdel Fatah al-Sissi’s televised remarks were the first high-level comments on the deal that fueled controversy on social media.
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 »
Beirut signs contract with multinational consortium to drill for oil & gas off its coast, including in Block 9 according to their maps, an area which Israel has long patrolled and defended as part of it’s territorial waters.
By Ben Ariel, Canada
Lebanon on Friday signed its first contract to drill for oil and gas off its coast with a consortium comprising energy giants Total, ENI and Novatek, including in a block disputed by Israel, AFP reported.
Lebanon’s military Council says if Israel continues construction of border wall on territory Lebanon believes to be theirs, it will be acknowledged as an act of aggression against its sovereignty. – Israeli Minister Steinitz: ‘Israel seeking diplomatic solution to all border disputes.’
By Attila Somfalvi and Nir Cohen
Lebanon’s Higher Defense Council said Wednesday it has ordered the army to prevent Israel from building a border wall on Lebanese territory.
The council also announced that if Israel does build its border wall on what Beirut views as Lebanese territory, it would be considered an Israeli act of aggression.
“We grant the army forces with the political backing to act against any Israeli aggression on the border—on land and at sea,” the council said in a statement. Continue Reading »
The weapons systems from Israel’s defense industries will be installed on four patrol ships purchased from Germany to protect the offshore natural gas rigs in Israel’s territorial waters – Minister of Defense says decision will see billions [of shekels] poured into the state’s economy, supporting thousands of families.
By Yoav Zitun
The Defense Ministry’s Procurement and Production Directorate is set to purchase weapons systems from the Israeli defense industry to protect the offshore natural gas rigs in Israel’s territorial waters to the tune of NIS 1.5 billion, the ministry said Sunday.
The procurement deals will be finalized by the end of 2017 and include a variety of systems for interception, cyber warfare, control and command, communications, navigations, and more. Continue Reading »
Feasibility studies had been completed but work on developing it would not begin for several years, so the 4 ministers agreed to meet every half-year to advance the new gas pipeline that will boost cooperation & boost supply.
Italy, Israel, Greece and Cyprus pledged Monday to move ahead with the world’s longest undersea gas pipeline from the eastern Mediterranean to southern Europe, with support from the European Union.
While delegations in Jerusalem progress in their discussions to construct a natural gas pipeline from Israel to Turkey and on to Europe, Israel’s Energy Ministry Director General Shaul Meridor is set to meet soon with Italian, Cypriot & Greek ministers for talks on a different pipeline project.
By Hezi Sternlicht
A delegation from the Turkish Energy Ministry is currently visiting Israel for talks about a joint gas pipeline that would pump gas from Israel to Turkey and Europe.
The project, which has been under consideration for some time, was also the focus of Energy Minister Yuval Steinitz’s visit to Turkey in October. Continue Reading »
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.
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.”
Israel’s National Infrastructure, Energy and Water Minister Yuval Steintiz speaks at a press conference in Jerusalem – Video Screenshot
Gas companies interested in exploring Israel’s waters have 24 license zones open to them, each spanning a maximum area of 400 square kilometers, ministry director-general Shaul Meridor explained. Continue Reading »
6 years after the souring of ties, natural gas is helping the two regional powers begin normalizing their relations, with Israel’s Minister of Energy, Yuval Steinitz saying, ‘The economic results should be to the benefit of the peoples of Turkey & Israel.’
Israel and Turkey agreed to deepen cooperation in the energy sector on Thursday, taking a further step towards normalizing ties with the first Israeli ministerial visit to Turkey since a breakdown six years ago.
Israel’s Minister of Energy, Yuval Steinitz and Erdogan meet in Turkey – Photo source: Ynet
Israeli Energy Minister Yuval Steinitz said he would welcome more involvement by Turkish firms in the Israeli energy sector, particularly in gas exploration, and said “detailed dialogue” between the two governments would begin in the coming months,
After meeting in Istanbul with his Turkish counterpart Berat Albayrak, who is President Tayyip Erdogan’s son-in-law, Steinitz said the two had discussed the possibility of building a natural gas pipeline from Israel to Turkey. Continue Reading »
After the Leviathan gas reservoir partners signed a massive deal with Jordan, Israel is now looking to lay a pipeline to Cyprus and Greece, so Israeli gas can be exported there and to other European countries, National Infrastructure, Energy and Water Minister Yuval Steinitz said Tuesday.
Map showing planned pipelines running from Israel’s Levianthan natural gas rig into Jordan
Steinitz, speaking to reporters before the weekly cabinet meeting that was pushed from Sunday to Tuesday because Prime Minister Benjamin Netanyahu was in the US, related to Monday’s announcement of a massive gas deal with Jordan, saying it was an “historic” day for the country, because for the first time in its history it became an energy exporter. Continue Reading »
The Delek energy group just signed a 15 year deal that will see the sale of Israel’s natural gas worth $10 billion to the Hashemite Kingdom of Jordan.
By The Associated Press
Israel’s Delek Group, one of the developers of the country’s biggest natural gas reservoir, says it has signed a deal to sell gas to neighboring Jordan.
Delek Drilling CEO Yossi Abu – Photo source: Ynet
The agreement, announced Monday, would provide 45 billion cubic meters (1.6 trillion cubic feet) of gas to Jordan over 15 years. Delek says revenues could amount to $10 billion.
Delek Drilling CEO Yossi Abu hailed the “historic” deal and said developers of the Leviathan reservoir would pursue similar agreements with others in the region, including Egypt, Turkey and the Palestinian Authority. Continue Reading »
Before heading to Singapore Israel’s Energy Minister Steinitz holds a series of meetings in London with world’s leading firms ahead of natural gas exploration tender planned for November.
By Hezi Sternlicht
Israel is courting foreign investors ahead of a planned natural gas and oil explorations tender the Energy Ministry plans to issue in November, Israel Hayom learned Wednesday.
Energy Minister Yuval Steinitz is currently visiting London, meeting with dozens of energy and financial services companies ahead of the tender. He is scheduled to continue on to Singapore next, for a series of similar meetings.
The ministry has mapped out a series of future exploration sites, which Steinitz is presenting to potential investors.
Israel’s natural gas discoveries could be key in transforming diplomatic relations in the region while boosting its growing economy, a number of experts said on Monday at the Jerusalem Post Annual Conference in New York.
THE TAMAR gas field platform juts above the Mediterranean – Photo: MARC ISRAEL SELLEM
At the conference’s panel on the Israeli economy, International economic law scholar and practitioner Efraim Chalamish said Israel’s energy sector has the potential to really advance the “start-up nation” since it allows for large companies to be part of the economy, employing large workforces made up of people diverse backgrounds and skill levels. Continue Reading »
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