web analytics
October 25, 2014 / 1 Heshvan, 5775
At a Glance
Blogs
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Israel: The Natural Gas and Start Up Nation

Straight from the Jerusalem boardroom: Companies around the world invest millions in Israel.
F111002NS50

Photo Credit: Nati Shohat/FLASH90

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.


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.

SocialTwist Tell-a-Friend

Current Top Story
Do you know where your vegetables grow?
Not So Kosher Shemittah L’Mehadrin
Latest Blogs Stories
"Shiloh"

Shiloh, where the Mishkan stood for near 400 years, was the spiritual capital of the Jewish Nation.

Chaye Zisel Braun

Arab terrorism against Jews and the State of Israel is not something we should be “calm” about.

European Union

Is the EU “Jewish challenged”?

Car in Light Rail Runover

The headlines refused to scream “ARAB TERROR ATTACK;” instead the phrase “Suspected Terror Attack.”

I’ve heard many times I write what others think, making them extremely happy; that’s why I continue.

Though secular, Hitman’s CV includes writing music for, recording, and popularizing religious songs.

Polls indicate that the Palestinians are much more against a two state solution than the Israelis.

Has the Jewish world adapted to the times? Hear the answer with Doug and his guest, Rabbi Berel Wein.

Leon Klinghoffer’s daughters: “‘Klinghoffer’ is justified as ‘a work of art’…This is an outrage.”

Kids bring in the light and let out the darkness through breathing exercises; it changes people.

If I make a million dollars in 2 weeks, how can I observe something like this and sit by quietly?”

Sometimes collective action against the heinous acts of the majority is not enough. The world should not only support the blockade of Gaza; it must enforce the dismantling of Hamas.

How long will it take for Israel and the Jewish World to admit that we are in very serious danger?

How do changes in technology affect the human life and our interactions with each other?

Palestinians (and Jordanians) often use the term “provocation” regarding Israeli action in Jerusalem

The zealots who engineered the ban have been publicly disgraced.

More Articles from Yoram Ettinger
Jewish Holidays' Guide for the Perplexed

Sukkot is a universal holiday, inviting all peoples to come on a pilgrimage to Jerusalem.

Jewish Holidays' Guide for the Perplexed

Yom Kippur is observed on the tenth day of Tishrei – an Acadian word for forgiveness and Genesis.

Rosh Hashanah is a universal, stock-taking, renewal and hopeful holiday,

The War projects to lower Israel’s 2014 GDP 0.5% but will have little influence on foreign investors

Pres. Obama claims there’s no Islam-driven terrorism or radicalism, only “local” cases of terrorism.

Kerry is preoccupied with pressuring Israel, notwithstanding the transformation of the Arab Spring .

Regional pro-US Arab countries rely on Israel as a deterrence to rogue Islamic regimes.

The 49 days between Passover and Shavou’ot are dedicated to enhancing one’s behavior, following in the footsteps of the Jews, who forged/enhanced their own national character during the 40 years in the desert.

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: