web analytics
September 2, 2015 / 18 Elul, 5775
At a Glance
Blogs
Sponsored Post


Israel: The Natural Gas and Start Up Nation

Straight from the Jerusalem boardroom: Companies around the world invest millions in Israel.
Gas field drilling site in the Mediterranean (file photo)

Gas field drilling site in the Mediterranean (file photo)
Photo Credit: Nati Shohat / Flash 90

1.  “The flow of natural gas from Israel’s Tamar reservoir in the Mediterranean to the Ashdod reception facility was inaugurated on March 30, 2013, ushering in a new era in Israel’s energy sector [led by the Houston-based Noble Energy]. Israel will not only become independent in being able to supply its own energy needs, but it is likely to become an energy exporter as its maritime gas fields are further developed…. The amount of gas discovered offshore now dwarfs any feasible, projected Israeli demand for at least half a century….Israel will become a net exporter of gas….Europe would seem to be the natural export market for Israeli gas….Yet Asia may emerge as Israel’s preferred export destination. The Australian firm, Woodside, which acquired about a third of the rights to the Leviathan field, is oriented toward marketing gas in Asia, and envisions building a liquefaction plant to service that trade….Israel will view with apprehension any scheme to anchor its critical infrastructure in countries beyond its own borders, such as Jordan, Cyprus, or Turkey….” (Dr. David Wurmser, April 4, 2013).

2. Hewlett-Packard (HP) is the second largest investor – trailing Intel – in Israel’s information technology sector, with 6,000 employees.  HP’s Israel-developed products carry the Indigo and Scitetx Vision brands (Southeast-Israel Business News, March, 2013).

3.  The Chicago-based AllScripts acquired Israel’s dbMotion for $235MN (Globes Business Daily, March 6, 2013).

4.   The globe’s largest biotech company, Roche of Basel, Switzerland, concluded a joint venture with Israel’s Chiasma, developing and commercializing Chiasma’s Octreolin for acromegaly and neuroendocrine tumors. Roche received a worldwide exclusive license in return for an upfront payment of $65MN and additional $530MN in milestones and royalties (Globes, February 19).

5.  Singapore Telecommunications (SingTel) and Israel’s Amdocs are establishing a joint development center in Israel.  Amdocs operates a similar center with AT&T.  SingTel intends to invest in a few Israeli start-ups, following its acquisition – in March 2012 – of Israel’s Amobee for $321MN (Globes, March 4).  Germany’s global optical giant, Zeiss, is establishing a research and development center in Israel.  Five years ago, it acquired Israel’s Pixer (Yedioth Achronot daily, April 4).  Michael Dell’s MSD Capital invested $22MN in Israel’s food chain, Rami Levy, increasing its holding to 6.1%.  The Boston-based Fidelity acquired 5% of Rami Levy for $27MN (Globes, March 29 and April 8).

6.  Hong Kong’s investment mogul, Li Ka Shing’s Horizon Ventures, led an$ 8MN round of private placement by Israel’s Nipendo (Globes, March 12).  The Waltham, MA-based Battery Ventures – joined by the Menlo Park, CA-based Opus Capital – led a $10MN second round by Israel’s SiSense (Globes, April 4). The Menlo Park-based Sequoia Capital – joined by T-Mobile – led an $11MN round by Israel’s Innovid (Globes, March 8).  Israel’s StarCom raised $4MN at the London  Stock Exchange for smaller companies, AIM (March 6).

Visit The Ettinger Report.

About the Author: Ambassador (ret.) Yoram Ettinger is consultant to Israel’s Cabinet members and Israeli legislators, and lecturer in the U.S., Canada and Israel on Israel’s unique contributions to American interests, the foundations of U.S.-Israel relations, the Iranian threat, and Jewish-Arab issues.

The author's opinion does not necessarily reflect the opinion of The Jewish Press.

If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Israel: The Natural Gas and Start Up Nation”

  1. It’s about building connections in PSRA 2013! Do you have the best partners with you to help you enjoy top Asian markets in Payment, Settlements, and Remittances like the Philippines? Are you well-positioned to tap the Philippines’ $16.3 Billion Card Payments, $12.7 Billion Remitances and more?

    Register now at http://www.arcmediaglobal.com/payments/regform.html! Call +65 6818 6344, Fax +65 6818 6343, Email us at payments@arcmediaglobal.com. Reserve your seats until April 30,2013.

Comments are closed.

Current Top Story
President Obama in the fog.
US Says It Doesn’t Even Know How Many Americans Live in West Bank
Latest Blogs Stories
obamatargetiran

No one wants war; sometimes there’s no choice. Sometimes it’s the lesser of 2 evils. US must prepare

Palestinians attack an Israeli soldier during clashes between Israeli security forces and Palestinian protesters, Aug28, 2015, in the West Bank village of Nabi Saleh near Ramallah.

Despite many IDF soldiers jailed for defending themselves, families say,”Rather jailed than dead.”

Someone should alert this man: Dani Dayan, Chairman of the Judea, Samaria and Gaza Council.

Why won’t the gov’t finally annex YESHA & Jordan Valley formalizing their status in State of Israel?

Jewish Press Blogger, Selena Chait

Both “Half-Shabbat” & R’ Yosef’s opinion champion an extreme. There most certainly is a happy medium

Trump’s slogan and story gives American restores hope to dream to: “Make America Great Again”

Is GDP outdated an measure of prosperity? Are there any alternative methods of assessing $ growth?

In their attack on Ban Ki Moon, Hamas admitted to committing a different war crime.

The ideal of Modern Orthodoxy should be not be viewed as a compromise the way most Charedim view it.

Israel shouldn’t rely on US; It has an awful record in protecting allies.

The Halacha of shmirat einayim (guarding one’s eyes) is incumbent on the MAN; it’s his obligation

Dem. presidential candidate Doug Shreffler talks about his campaign & its motto “as good as it gets”

I’ve decided to move away from my safety net-and I wouldn’t change that decision for anything.

Was “Jerusalem” the song Matisyahu planned to perform? It was the PERFECT response to BDS campaign

If the world’s winds of hatred bring Jews to Israel we are ready, joyfully offering them a home here

At what age should the realization start setting in for kids that we live in an uncertain society?

More Articles from Yoram Ettinger
President Obama press conference on Iran nuclear deal. July 15, 2015.

The 435 House Members & 100 Senators serve at the pleasure of their constituents, NOT the President.

Brit Israel Flag

The “Sun Never Sets” on Israeli technology….

While Israel is concerned about Iran’s nuclearization, Saudi Arabia and the Gulf States are panicky.

In 2015, Israel’s fertility rate (3+ births per woman) is higher than all Arab countries except 3

“The enemy of my enemy is my potential ally” view has consistently led to Middle East mismanagement

Based on Israel’s record, current events are mere bumps on the road to great growth&acceptability

Intra-Arab/Muslim terrorism has been a Middle East fixture since the 7th century emergence of Islam

Printed from: http://www.jewishpress.com/blogs/the-ettinger-report/israel-the-natural-gas-and-start-up-nation/2013/04/16/

Scan this QR code to visit this page online: