Monday, May 20, 2013
Displaying 31 - 40 of 64 articles
Israel's newest offshore natural gas find is likely to be smaller than earlier estimated, Delek Drilling and Avner Oil Exploration announced Friday. The Tanin gas reserves are estimated to hold 1.1 trillion cubic feet of gas, lower than 1.2 TCF announced by Noble Energy in February. Noble Energy is...
The Tzemach Committee on Energy Policy has recommended keeping half of Isarel's gas reserves for domestic use and rest for exports, media reports said. The committee, chaired by director general of the Energy and Water Resources Ministry Shaul Tzemach, said that the country should have 400 billion cubic...
The Tamar partners have announced the signing of a non-binding letter of intent to sell liquefied gas to Gazprom Marketing & Trading Switzerland, a subsidiary of Gazprom Marketing & Trading Ltd. As per the agreement, the price of gas will be set according to the price of natural gas in Asia.
Israel will permit the export of natural gas beyond a basic amount that it will retain as a national reserve, under the recommendations of the Tzemach committee on the structure of the future gas economy. The recommendations are due to be published in the next few weeks. Discussions have been taking...
Noble Energy is expected to construct an underground pipeline from Block 12 to Cyprus, Globes reported. The exercise is part of a venture to set up an LNG terminal off Cyprus's southern coast that will be to enable exports to Europe and Asia. The pipeline would be 300 kilometers long and may cost up...
Israel is planning to bring in the India as a party in the development of its natural gas fields. With Israeli minister of energy and water resources Uzi Landau in India currently, reports in the India media suggest that a deal may be signed soon in this regard. “Israel plans to attract investments...
The Israeli government on Sunday opened talks to establish a special fund to manage what may add up to some 600 billion shekels (160 billion U.S. dollars) in natural gas revenues in coming decades, from several new offshore finds. Last Sunday, an American-Israeli drilling consortium announced the discovery...
Two months after Israeli Finance Minister Yuval Steinitz first proposed gas exports to India, Tel Aviv is sending Minister of National Infrastructure Uzi Landau, who also heads Energy & Water Resources, to discuss the prospect of Indian firms participating in the gas ventures. India's Ministry of...
Israel Corporation has restarted talks with the Tamar partners to buy natural gas. The company plans to purchase 1.5-2 billion cubic meters of natural gas a year which will cost $4 billion. Israel Corp. has currently been buying gas from East Mediterranean Gas Company. Tamar has already inked...
Tamar partners have announced that they will supply natural gas to Mashav Initiation and Development Ltd. for the company's cement and power units in Ramle. In a $680 million deal, Tamar will supply 200 billion cubic meters of natural gas per year for the period of 15 years or until Mashav consumes...