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November 26, 2014 / 4 Kislev, 5775
At a Glance

Posts Tagged ‘Export’

No Turkish Delight for Israeli Energy

Tuesday, September 9th, 2014

Turkey is not going to be signing any deals for Israeli natural gas exports any time soon – at least, according to a statement by Turkish Energy Minister Taner Yildiz.

The Turkish energy mogul said Tuesday that Ankara was unlikely to approve construction of a gas pipeline from Israel to Turkey. Yildiz blamed the sour relations with Israel on the Jewish State’s counter terror Operation Protective Edge this summer against Hamas and allied terrorists. The operation was carried out to silence the incessant, deadly rocket fire being aimed at Israeli civilian families in the southern part of the country.

Jordan, however, has just concluded a deal to import natural gas from Israel over the next 15 years, at a cost of some $15 billion.

The massive Leviathan natural gas field discovered beneath the waters of the Mediterranean, off the northern coast of Israel, turned the Jewish State into a regional energy exporter practically overnight. Talks between the Leviathan consortium and Turkish counterparts subsequently had been taking place quietly over the past year, but politics sabotaged any deals that might otherwise have come to fruition.

“For energy projects to proceed, the human tragedy in Gaza will have to be stopped and Israel will have to instate a permanent peace there with all elements,” Yildiz told reporters in Ankara. “It is out of question to proceed on any energy project unless a permanent peace is established, with contribution from all sides and with necessary conditions. A human tragedy unfolded (in Gaza); it is all too easily forgotten.”

Relations between Turkey and Israel have been limping since 2006, when the number of attacks from Gaza escalated sharply. Israel was forced at the time into launching a maritime and overland blockade of Gaza when Hamas and allied terrorists carried out a cross-border attack and abducting an IDF soldier. In that attack, two other soldiers were killed and a third was critically wounded.

Turkey’s President Recep Tayyip Erdogan and his ruling AKP party have long been strong supporters of the Muslim Brotherhood — which spawned the Hamas terrorist organization that rules Gaza. Likewise, Erdogan and Turkey continue to defend actions by Hamas, regardless of the consequences.

Big in Japan

Friday, May 9th, 2014

Prime Minister Bibi Netanyahu will be traveling to Japan on Saturday evening for a four day meeting to discuss increasing economic and diplomatic cooperation.

During the meeting, Netanyahu will meet the emperor and empress of Japan, as well as the Japan’s prime minister, Shinzo Abo.

Its expected that in 2014 the Asian market became Israel’s 2nd largest export partner, knocking the US down a notch.

Israel’s exports to Japan stand at $1.1 billion, and its imports at $1.5 billion. According to a Jerusalem Post report, there is a tremendous amount of room for increased trade with Japan.

Trade with Asia is nothing new for Israel. The Far East has been a trade partner with Israel going back 3000 years.

Domo arigato gozaimasu.

Tshuva To Export 20% of “Tamar” Gas Field to Egypt

Tuesday, May 6th, 2014

Yitzchak Tshuva plans to sell 20% of the gas drilled from the “Tamar” gas field to Egpyt, according to a report in Calcalist.

Letters of understandings were signed, and official contracts are expected to be signed in six months.

This is the first export agreement with Egypt, and follows the export agreement signed a few months ago with Jordan.

Egypt is to receive 4.5 BCM (billion cubic meters) each year for 15 years. The deal is valued at 1.1 to 1.3 billion dollars a year for a total of around $20 billion dollars.

The “Tamar” gas field holds an estimated 320 BCM and is owned by Noble Energy (36%), Delek and Avner Drilling (31.25%), Isramco (28.7%) and Dor Gas (4%).

Printed from: http://www.jewishpress.com/news/breaking-news/tshuva-to-export-20-of-tamar-gas-field-to-egypt/2014/05/06/

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