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February 10, 2016 / 1 Adar I, 5776

Posts Tagged ‘Mediterranean’

Israel’s Leviathan Developers Ink Gas Deal With Egypt

Sunday, November 29th, 2015

Developers of the mammoth Leviathan natural gas field beneath Israel’s Mediterranean coastal waters have inked a deal with Egypt. It’s a deal that has had Israel’s government — and that of Cairo — holding their collective breath for months.

Leviathan will start pumping the natural gas to Egypt beginning in 2019 or 2020, for up to 15 years, according to the agreement. The price of the gas includes a floor price and is to be linked to the cost of Brent oil, Reuters reported.

The Leviathan developers and Egypt’s Dolphinus Holdings agreed in last week’s letter of intent to negotiate the terms on the final deal.

Natural gas will be pumped from Leviathan to the Dolphinus Holdings via an existing underwater pipeline, Dolphinus and the Leviathan developers said in a statement to the Tel Aviv Stock Exchange (TASE).

The pipeline was built nearly 10 years ago by East Mediterranean Gas (EMG) when gas was being piped from Egypt to Israel. At the time, EMG had been managing an Egyptian-Israeli gas agreement. But that deal collapsed in 2012 after unending terrorist attacks ended the flow in the gas pipeline that ran through the Sinai Peninsula.

Leviathan, which holds an estimated 622 bcm of gas, is being developed by the Texas-based Noble Energy and Delek Group through Delek Drilling and Avner Oil and Gas. Dolphinus represents Egypt’s non-governmental, industrial and commercial consumers.

“We’ve worked with Dolphinus before and we expect to reach a final agreement quickly,” Yossi Abu, CEO of Israel’s Delek Drilling told Reuters.

“The Egyptian market is thirsty for gas, both for domestic use and for their export facilities. There is a lot of room for cooperation there.”

Dolphinus already agreed earlier this year to a seven-year deal to purchase at least $1.2 billion of natural gas from the Israeli Tamar gas field.

Leviathan is located close to the Tamar field. Cyprus also has a role in some gas field development with Israel as well; the two countries share a common basic with Egypt which gas discoveries have been made.

In addition, the Italian company ENI announced in August of this year that it had discovered one of the largest gas fields in the world off Egypt’s Mediterranean coast. The reserves are estimated at about 30 trillion cubic feet of natural gas, the equivalent of about 5.2 billion barrels of oil.

Abu noted that the discoveries, together with Egypt’s cooperation, have created a natural leadership role in the region for Cairo.

“Egypt is becoming a regional hub through cooperation with the Leviathan and Tamar partners, and together with Israel and Cyprus,” he said.

According to the U.S. Geological Survey, the eastern Mediterranean contains huge gas reserves – estimated at approximately 122 trillion cubic feet.

First Winter Storm Smacks Israel

Sunday, October 25th, 2015

A winter storm sailing in from the Mediterranean smacked the State of Israel, Lebanon, Syria and surrounds on Sunday morning with wind and hail — gale force wind and hail the size of baseballs, that it.

Strong winds and hail the size of National League baseballs struck hard in northern Israel as the country got its first real taste of winter.

Gale force winds swung a crane out of control and crashing down in Netanya, injuring several people in the northern coastal city. Magen David Adom emergency medical response teams rushed to the scene.

In Pardes Hanna, a wall collapsed at a construction site. One 20-year-old man was mortally wounded in the collapse; he was rushed to Hillel Yafeh Medical Center in Hadera but could not be saved.

In the Samaria community of Har Bracha, two people were hurt when a tent collapsed due to the high winds, a 17-year-old teenage boy and a 20-year-old girl.

The Israel Electric Company (IEC) reported power outages in various areas across the north and damage to infrastructure where the “baseballs” struck “home.”

Tel Aviv’s local airport, Sde Dov, was closed for several hours. The airport handles mainly domestic and small commercial flights.

Other areas that have been affected included Tel Aviv and a number of surrounding suburbs including Ramat Gan, Bnei Brak, Holon and Petach Tikvah as well as Givat Shmuel. The cities of Ra’anana, Ramat HaSharon and Netanya also saw a number of power lines downed by fallen trees from high winds.

More rain and wind in the forecast has raised the risk of flash flooding in the evening hours, including in the east and south.

If Egypt Can Destroy Gaza’s Tunnels…

Sunday, September 20th, 2015

The topography of Israel’s shared border with Hamas-occupied Gaza is far too complicated, different and longer than Egypt’s shared border with Gaza to replicate what Egypt just did, but it does make one think about other possible solutions.

Fed up with Hamas sending terrorists into the Sinai via the underground tunnels, as well as the smuggling tunnels, Egypt redirected water from the Mediterranean sea, flooding everything under the ground along their shared border.

If we’re already being creative, here’s another thought… the Mediterranean could be Israel’s solution too.

Perhaps Israel could find a way to get every Gazan $5000, a fake Syrian passport (there’s plenty of those floating around) and a seat on a boat sailing across the Mediterranean into to Europe.

Once the sane people leave, it’s clean up time, and we rebuild Gush Katif.

Gaza Terror Military Drill ‘Targets’ Mediterranean

Thursday, September 17th, 2015

Gaza Arab terrorists launched three rockets on Thursday toward the Mediterranean Sea as part of a military training exercise.

The launches were traced to the site of a former Jewish community in Gush Katif, according to the Hebrew-language HaKol HaYehudi website.

Since Israel’s 2014 counter-terror Operation Protective Edge, Gaza’s ruling Hamas terror organization and allied terror groups have been actively working to restore its tunnel network and other military infrastructure.

The group has also worked to replace the thousands of missiles it spent firing at Israel’s civilian population, and is currently upgrading its weaponry with new ordnance imported from Iran.

‘Mega” Gas Field Discovered off Egyptian Coast

Sunday, August 30th, 2015

The Italian Eni energy group announced Sunday it has discovered one of the world’s largest natural gas fields off the Egyptian coast.

If the estimates are not exaggerated and if the “Zohr” field comes online in the future, it would mean that Egypt would be self-sufficient in its gas needs for decades. It also would put an end to any idea that Egypt will buy gas from Israel, which in recent years has enjoyed discoveries of gas fields that have been called the largest discoveries in the world in the past decade.

The find in Egypt dwarfs the field in Israel.

Eni stated:

According to the well and geophysical data available, the field could hold a potential of 30 trillion cubic feet of lean gas in place

Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world’s largest natural-gas finds.

 

EU Receives Warning ISIS Infiltrating Among Migrants

Monday, July 6th, 2015

The European Union is being warned by international security personnel that there may be terrorists infiltrating among the migrants who flock to the continent.

Smugglers’ boats sailing the Mediterranean Sea and carrying migrants to Europe may present a risk to the European Union, according to the warning received by Michele Coninsx, head of Eurojust, the EU judicial cooperation agency.

The agency, which is tasked with helping EU nations respond to illegal immigration, terrorism and cyber crime, warned that some of the migrants may actually be fighters with Da’esh, the ISIS terrorist organization.

In addition, Da’esh and similar groups are using funds obtained from human trafficking to fund their terrorist activities, according to a report by The Associated Press.

Coninsx told reporters on Monday that although she could not share specific information provided by EU nations to Eurojust, the agency’s efforts are ongoing. She added that the scope of the infiltration by Da’esh terrorists now facing EU law enforcement officials is not yet clear.

Israel Buys German Ships to Protect Gas & Oil Rigs in Mediterranean

Monday, May 11th, 2015

Israel and Germany have signed a 430-million Euro contract to provide the Jewish State with four ships to protect natural gas and oil rigs in the Mediterranean.

The Defense Ministry announced the deal on Monday with the arrival in Tel Aviv of German Defense Minister Ursula von der Leyen for an official state visit.

Included in the agreement was a special grant of 115 million Euros provided to Israel by the German government.

The project is being funded via the Exclusive Economic Zone through a budget separate from that used for defense.

Maj.-Gen. (res.) Dan Harel, managing director of the Defense Ministry, said the acquisition represented “a dramatic improvement in the navy’s ability to protect strategic sites for the State of Israel.”

The four patrol corvette-type vessels are to be built by the TKMS German shipyard in the city of Kiel near Hamburg. All will be equipped with Israeli combat systems.

The shipyard is owned and operated by the TK Consortium, which has committed to a reciprocal purchase from Israel. TK Consortium has agreed to buy at least NIS 700 million in Israeli defense product under the terms of the contract.

Given the equipment with which the vessels are to be loaded, Israel’s defense industry will be busy for the next five years, when the vessels are to arrive.

Dolphin submarines currently in use by the Israel Navy were produced in the same shipyard.

Printed from: http://www.jewishpress.com/news/breaking-news/israel-buys-german-ships-to-protect-gas-oil-rigs-in-mediterranean/2015/05/11/

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