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March 31, 2015 / 11 Nisan, 5775
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Posts Tagged ‘energy’

Israel to Export Gas to Egypt

Sunday, October 19th, 2014

The consortium that owns the huge off-shore Tamar natural gas field has signed a seven-year memorandum of understanding with the Egyptian Dolphinus Holdings to export of up to 2.5 billion cubic meters of gas to private Egyptian customers, Globes reported.

The deal is in addition to other sales by the owners of the Tamar and the Leviathan energy fields that have turned Israel into an energy exporter. Previously, Israel was dependent on Egypt for natural gas and had signed a long-term agreement with the regime of Hosni Mubarak. During and after the revolution that ended with his ouster and subsequent arrest and conviction for corruption.

Terrorists in the Sinai routinely blew up the pipeline through which gas flowed to Israel and Jordan.

Delek Drilling chairman and Avner CEO Gideon Tadmor, whose companies are part of the consortium, said, “The Tamar and Leviathan partnerships have so far signed a series of agreements designed to enable the supply of natural gas to the Palestinian Authority, to Jordan, and for export as liquid natural gas via the existing installations in Egypt. The MOU with Dolphinus is a further, important link in the series of agreements, allowing the supply of gas to the Egyptian domestic market as well. I have no doubt that these agreements will lead to a strengthening of Israel’s relations with its neighbors.”

The sale price of the gas will be dependent on the price of crude oil on the world market.

The Dolphinus Holding company reportedly represents large non-government industrial and commercial gas consumers.

The Leviathan consortium last month signed an agreement worth $15 billion with Jordan to export $45 billion worth of natural gas over a 15-year period.

Jordan has turned to Israel for gas because of the interruptions in the flow from Egypt.

In February, Tamar partners also announced an agreement to sell natural gas to Jordan through a new pipeline.

The exports of natural gas have played a major role in the increase of the value of the shekel until the shekel-dollar rate touched below 3.40 in the summer. It since has rebounded to nearly 3.75 shekels to the dollar because of reports of slower than expected growth on Israel, a cut in the interest rate and anticipation that the U.S. Federal Reserve Bank will raise the prime rate by early next year.

 

No Oil Drilling on Golan Heights, At Least For Now

Tuesday, September 30th, 2014

Afek Oil and Gas has been blocked from drilling for oil on the Golan Heights, at least for now.

The firm received a temporary injunction Tuesday at the High Court of Justice in response to a petition by Adam Teva V’Din, the Israel Union for Environmental Defense, and a group of local residents who opposed the drilling.

According to court papers, “the company is prohibited against building any facilities or conducting any ground-altering works within the perimeter of the territory defined in the license.”

The Northern Regional Planning and Building Committee had approved on September 11 a pilot plan for exploratory drilling in the Golan Heights, which was to start on September 28.

The area in question spanned some 396 square kilometers, from Katzrin in the north, extending southwards to allow the company to sink up to 10 exploratory wells, each taking up about 1.7 acres, or seven dunam. Company officials had no idea whether they would find oil in any of the exploratory sites, or not.

At this point it is not clear whether there will be a further appeal by the company.

Earlier this month, a committee voted in Jerusalem to block a pilot project in south-central Israel to check it out. An exploration that began in 2011 estimated that approximately 40 billion barrels of oil are sitting below the surface of the Ela Valley at a depth of approximately 200 to 400 meters.

After having started an initial exploration several years ago — one that was frozen in 2011 — the Jerusalem-based Israel Energy Initiatives firm wanted to move to a pilot project to determine its viability. The plan involved extracting a total of 500 barrels of oil — about two barrels per day — to see if the site was commercially viable.

The process that would be used involves a new technology never before used anywhere else in the world. It’s not “fracking,” which involves drilling for liquid oil. This involves converting the very rock itself into oil – a form of hydrocarbons — known as “oil shale.”

Israel is Energy Exporter in $15b Gas Deal to Jordan

Wednesday, September 3rd, 2014

Israel became an energy producer for the first time today with the closure of a deal to export natural gas to Jordan from the mammoth Leviathan gas field.

Leviathan will become Jordan’s main supplier of natural gas in the coming years. Months of discussions in the Israeli government eventually ended earlier in the year with a decision that the country would be allowed to export 40 percent of its offshore natural gas reserves.

Noble Energy Inc., Delek Group Ltd, Avner Oil and Gas LP and Delek Drilling Limited Partnership and Ratio Oil Exploration were expected to sign a $15b Memorandum of Understanding today (Sept. 3, 2014) to export natural gas for the next 15 years to Jordan.

Israeli Minister of Natural Infrastructures, Energy and Water Resources Silvan Shalom, and the U.S. State Department were both involved in the deal.

The Leviathan gas field is a large natural gas field located in the eastern Mediterranean Sea off Israel’s coastline, about 47 kilometers (29 miles) southwest of the Tamar gas field. It is located approximately 130 kilometers (81 miles) west of Haifa, in waters about 1,500 meters (4,900 feet) deep.

Israel to Sell $500 Million of Natural Gas to Jordan

Wednesday, February 19th, 2014

The Nobel Energy consortium developing Israel’s offshore “Tamar” natural gas fields has signed a half a billion dollar deal to export gas over the next 15 years to Jordan’s Arab Potash Co. and Jordan Bromine Co.

The exports could grow to $30 billion over a longer period of time.

Nobel and its Israeli partners Delek, Isramco and Alon Natural Gas. Will build a pipeline from the Dead Sea Works to the Jordanian side of the Dead Sea.

U.S. Deputy Assistant Secretary for Energy Diplomacy at the State Department Amos Hochstein has held more than a dozen meetings with Jordanian and Israeli businessmen and political leaders over the past 18 months to help negotiate the Jordan’s King Abdullah II and Prime Minister Binyamin Netanyahu were involved.

Jordan is increasingly dependent on Israel, which already supplies the kingdom with water, and the significance of Israel’s recent oil and gas discoveries has been under-exaggerated, both economically and financially.

The consortium operating the Tamar gas field previously have signed a 20-year contract to sell $1.2 billion worth of natural gas to the Palestinian Authority.

The purchases by Jordan and the Palestinian Authority come at the expense of Egypt, which has been a totally unreliable supplier thanks to terrorists who frequently blow up the pipeline that brings gas from El Arish to Israel and Jordan.

The deal with Jordan “will pave the way for additional export projects which could enhance regional cooperation as well as provide additional supply to the domestic market and enhanced security of supply through development of additional reservoirs and infrastructure,” said Noble Energy VP Eastern Mediterranean Lawson Freeman.

The new natural gas industry in Israel is creating thousands of jobs for laborers and engineers and also has helped turned the shekel into one of the world’s strongest currencies against the dollar.

Politically, Israel’s energy sources and water resources , thanks to desalinization plants, are creating conditions that will make the Palestinian Authority and Jordan a lot less belligerent while leaving Egypt to wallow in its own economic and political anarchy that was hastened by the Arab Spring revolutions.

Solar Power Field in Jewish-Sponsored Youth Village in Rwanda

Monday, February 17th, 2014

The first utility-scale solar power field in East Africa will be built on land belonging to a Jewish-sponsored youth village in Rwanda.

The nearly $24 million project was announced Monday by Yosef Abramowitz, the president of Gigawatt Global Cooperatief, which arranged for its financing.

Construction has already started on the solar field on land belonging to the Agahozo-Shalom Youth Village  for orphans from the 1994 Rwandan genocide and founded by the late Anne Heyman, who died earlier this month in a horse-riding accident in Florida.

rowanda solar field under construction

The solar field will feed electricity into the national grid under a 25-year power purchase agreement with the Rwanda Energy, Water and Sanitation Authority. It is expected to be operational this summer.

“It takes a global village to raise a solar revolution,” said Abramowitz, who also is CEO of Energiya Global Capital, Gigawatt’s Israeli affiliate, which provided seed money and strategic assistance for the project. Gigawatt Global was founded by Arava Power Company’s American founders. Arava Power Company has developed six solar power plants in Israel.

Abramowitz called the solar field, which will provide an 8 percent increase in the country’s energy supply, “a game-changer for humanity and the environment.”

The youth village is leasing land to the solar facility and will use the proceeds to fund its charitable mission.

“Anne Heyman, our founder of blessed memory, held to a vision in which the village practiced tikkun olam, the Jewish teaching to help heal the world,” said Laurie Toll Franz, the youth village’s newly elected board chair. “In addition to our work with Rwanda’s most vulnerable children, we’re now helping to improve the lives of thousands of people through sustainable electricity generation.”

Erdogan Says Iran is ‘Turkey’s ‘Second Home’

Wednesday, January 29th, 2014

Turkish Prime Minister Recep Tayyip Erdogan is visiting Ayatollah Khamenei of Iran, which he called “our second home.

The ayatollah in return “described the current brotherly and friendly relations between the two countries as unparalleled in recent centuries,” Iran’s official Press TV reported.

Erdogan apparently has made another about face in his roller coaster policies of foreign relations. He once shunned Iran like the plague and then embraced the Ahmadinejad regime as well as Syrian President Bassar al-Assad after ditching Israel, its longtime friend.

When the Obama administration clamped tight sanctions on Ira, Erdogan kept his distance from Tehran. Now that Washington has gone back to “engagement” despite Iran’s stated aim of enriching enough high-grade uranium that could be used to make a nuclear weapon, Erdogan hastily beat the pat back to Iran with his eye on energy.

“It is obvious that we import crude oil and gas from Iran, which are strategic energy sources, and we [will be] able to increase the volume of these imports,” Erdogan said in Tehran. “Today we had a good chance to review bilateral ties.”

Turkey’s Hurriyet Daily News reported, Despite claiming Turkey is not seeking any new deal with Iran ahead of his departure to Iran, Turkish Energy Minister Taner Yıldız, who accompanies the prime minister during his visit, admitted the intention for such a new agreement.”

Iran was Turkey’s third largest export market in 2012, and Ankara used gold and silver exports to buy Iranian natural gas and oil.

Abbas Asks Russia for Billion Dollar Gas Project Off Gaza Coast

Thursday, January 23rd, 2014

Palestinian Authority  chairman Mahmoud Abbas asked Russian Prime Minister Dmitry Medvedev Thursday to invest in a $1 billion natural gas project off the coast of Hamas-controlled Gaza, Russia’s news agency reported.

Abbas is vesting Moscow, which has been a strong backer of the Palestinian Authority.

Securing a huge investment for Gaza would help Abbas win popularity at the expense of Hamas, which took over the area in a bloody militia war nearly seven years ago.

Printed from: http://www.jewishpress.com/news/breaking-news/abbas-asks-russia-for-billion-dollar-gas-project-off-gaza-coast/2014/01/23/

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