Tag: Israel natural resources

The Tamar Israeli gas-drill platform in the Mediterranean Sea off Tel Aviv -- Israel has been trying to extract offshore gas since the discovery of the Tamar and Leviathan fields in 2009 and 2010

Leviathan Partners Sign Israeli Natgas Supply Deal

The partners in Israel’s Leviathan natural gas field said on Sunday they had signed a deal to supply as much as $3 billion worth of gas to a new private power plant in central Israel. Leviathan, one of the largest

An aerial view photo shows large salt formations in the southern part of the Dead Sea, near Ein Boqek, on November 10, 2011.

Dead Sea Oil Reservoir ‘Entirely Within Israel’ Says Company

The Times of Israel reports: An Israeli company authorized to drill an oil reservoir near the Dead Sea, recently evaluated to contain NIS 1.2 billion worth of fuel, stressed Sunday that the area is located entirely inside Israel, which it said was a response to Arab media reports that the site stretched into Palestinian territory.

israel natural gas

Gas Bombshell: Netanyahu’s Gas Policy Struck Down By High Court

The Jerusalem Post reports: The High Court of Justice on Sunday struck down Prime Minister Benjamin Netanyahu’s flagship natural gas policy, but suspended formally striking the law for a year so he and the Knesset can adjust the 10-year freeze

israel natural gas

Energy Minister To Approve Natural Gas Pipeline Plan In Cabinet

The Jerusalem Post reports: The cabinet is expected to approve Energy, Infrastructures and Water Resources Minister Yuval Steinitz’s plan next week to connect Israel’s off-shore natural gas reserves to land. The plan, known as National Master Plan (TAMA) 37-H, calls for

AP Photo

Netanyahu Defends Natural Gas Deal in Israeli Supreme Court

JERUSALEM, Feb. 14 (UPI) — Israeli Prime Minister Benjamin Netanyahu made an unprecedented appearance in his country’s Supreme Court Sunday to defend a controversial natural gas extraction deal with U.S. and Israeli investors. The deal, signed in December between Israel

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Israeli Court Opens Hearings on Contentious Offshore Gas Deal

JERUSALEM (AFP) – Israel’s Supreme Court began hearings Wednesday on a contentious natural gas deal aimed at tapping major reserves in the Mediterranean that could lead to important shifts in the region’s energy supplies. The deal between the Israeli government and a

AP Photo

Egypt To Pay Israel $1.76 Billion For Halting Gas Supplies

Israel Electric Corp , Israel’s state-owned electric utility, said on Sunday Egyptian natural gas companies will pay compensation of $1.76 billion for halting gas supplies. Egypt had been selling natural gas to Israel under a 20-year agreement, but the deal

oil-rig

Egyptian Company Wants Israeli Gas As Soon As Possible

As the the debate in Israel over a controversial deal to extract gas out of off-shore fields rages on, an Egyptian company has expressed intense interest in purchasing the coveted resource from Israel as soon as possible. An official at