web analytics
July 1, 2015 / 14 Tammuz, 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
investing-in-gold_4548807_lrg
What Sanctions? Iran Receives 13 Tons of Gold From S. Africa
Latest Blogs Stories
Malachi Rosenfeld HY"D

Israel & world Jewry are under attack and in grave danger but UN’s focus is denouncing Israel

Doug Goldstein

What is human chess? How easy is it to predict the actions of others?

Rethink UN bias against Israel

It’s time to stand up against the bias & no longer accept the constant UN prejudice against Israel.

Malachi Moshe Rosenfeld, one of four injured in a terror attack near the West Bank settlement of Shvut Rachel, north of Ramallah, has died (HYD)

Malachi Moshe Rosenfeld, injured in a terror attack in Samaria, has died (HYD)

Allah is NOT merciful: Stabbing, beheading, shooting innocents is barbaric & cowardly acts of terror

How could the Jerusalem Post think the attack could have been other than a terrorist act?

Going to Mt of Olives cemetery was like visiting Jurassic Park in a jeep with dinosaurs rampaging

Hanan Porat z”l, teary-eyed said ” We returned to the Gush(Etzion)we shall return to the Gush(Katif)

“Mispachology”: Theory you share a common link with someone you’ve never met or been in contact with

It seems that Pres. Rivlin has joined all other so-called Right politicians and now is trending Left

Dear Muslims, Happy Ramadan. It’s clear from the news that your people are having a “bang-up” month

The President was right, every Jew should have a gun. He just asked the wrong person about it.

Everybody knows that during Ramadan Arab Muslim terror attacks increase.

UN says Hamas tried to warn us of rocket attacks? I was here. Not once did those…I want to scream

{Originally posted to the author’s website, Emes Ve-Emunah} The inevitable finally happened. Rabbi Avi Weiss has dispensed with his prior refusal to call his female ordainees ‘rabbis’.  I challenged him to stop dancing around that title with made up titles  (like Raba and Maharat) and he finally rose to the challenge. His motivation in not […]

How can you transform thinking to action? What are the mountains you need to climb to reach goals?

More Articles from Yoram Ettinger
Mahmoud Abbas gets his cake and eats it, too.

Abbas’ regime is defined by corruption, kleptomania, nepotism, hate-education, incitement, terrorism

Map of Saudi Arabia and eastern Africa.

Could the enemy (Saudi Arabia) of Israel’s enemy (Iran) become Israel’s friend? It’s highly doubtful

Increased foreign investments in Israel constitute an accurate measure of Israel’s global standing

School textbooks of tyrannies are the most authentic reflection of a regime’s nature and mission

Pentecost, derived from the Greek word for 50, is celebrated 50 days after Easter.

Realizing there was no US military threat, Iran resumed, expanded & accelerated its nuclear program

Suspension of disbelief towards Iran characterizes the Pres. administrations of both Carter & Obama

At 67, Israel reaffirms a historic fact: Pressuring the “Jewish Olive” produces superb oil!

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: