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April 24, 2014 / 24 Nisan, 5774
At a Glance

Posts Tagged ‘Natural gas’

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.

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.

Off-Shore Oil Field May Contain 3 Billion Barrels of Oil

Tuesday, December 17th, 2013

Noble Energy now estimates that that its Leviathan oil field discovery in Israeli and Cypriot waters may contain up to 3 billion barrels of oil, double the previous estimate that did not include Block 12 off of Cyprus.

The same field also ready has been determined by Noble and its partner Delek to contain 19 trillion cubic feet of natural gas and another 4 trillion at Block 12. At today’s prices, the value of the potential oil field is nearly $3 billion.

Noble told analysts that drilling will not begin before the end of next year.

Israel began using its own off-shore natural gas for the first time earlier this year and have brought Israel on the way to energy self-sufficiency as well as an exporter of energy.

Israel At the Forefront in Saving the Environment

Thursday, November 14th, 2013

When Adam was created, a Midrash teaches, God took him on a tour of Eden and said, “Do you see My beautiful trees? It is all for you – but make sure you do not destroy My world, for if you do, there will be no one to repair the damage.”

It is only fitting that the nation guided for centuries by such rabbinic teachings should take its rightful place as one of the world leaders in protecting the environment and natural resources. Of the world’s top 100 Cleantech Group companies specializing in environmentally-friendly technology, eight are from Israel.

How many people know that Israel reuses 75 percent of its wastewater for agriculture – the highest rate in the world – and recycles 20 percent more of its plastic bottles than the U.S.? Or that proportionately more homes in Israel (83 percent) use solar energy for hot water than in any other country? (The popular dud shemesh, sun-heated boiler, is actually an Israeli invention and saves 4 percent of Israel’s electricity usage.)

There are many more such stats, but let’s look at three areas in which Israel has recently made major strides: Desalination, natural gas for electricity, and an air pollution battle plan.

It’s given that producing electricity from natural gas leaves the air we breathe cleaner than using coal, mazut, and the like. In the past several months alone Israel has increased fourfold the amount of electricity it produces via gas; at the beginning of this year only 13 percent of its energy production was gas-powered, while the figure now stands at 50 percent.

This breakthrough came about largely due to two major developments: The first is that the Israel Electric Company has made a gradual changeover, over the course of several years, of eight of its ten power stations to gas. The second and more immediate development was the sudden and copious availability of natural gas following the activation of the giant off-shore Tamar gas fields this past April. Though Tamar was discovered in 2009, it took four years until its gas started flowing from offshore platforms to the mainland.

Even better news can be expected next year, when a larger gas field –Leviathan, some 80 miles from Haifa – begins producing. This will actually give Israel the capacity to export natural gas by 2016.

Given these developments, plans for a major coal-energy plant to be built in Ashkelon have basically been shelved; the installation will instead be based on natural gas, with coal to be used only as a backup.

Why is natural gas such a blessing? The answer is that though coal is the cheapest fossil fuel for electricity generation, its emissions are also the dirtiest. Both coal and oil produce high levels of carbon, nitrogen oxides, and sulfur dioxide, not to mention ash particles that remain in the air. Natural gas, on the other hand, is the cleanest fossil fuel there is, emitting about 29 and 44 percent less carbon dioxide than oil and coal respectively.

Turning to desalination, who doesn’t know that Israel, like all its Middle East neighbors, has a water problem? Nor has its situation been helped by the 1994 peace treaty with Jordan, which requires Israel to provide its eastern neighbor with 50 million cubic meters of water a year, help in the production of another 100 million, and receive in return 10-20 million of groundwaters from the Aravah.

But look at the bright side: In the past several weeks alone Israel’s annual desalination capacities have jumped by about 200 million cubic meters of water. Just two weeks ago the Sorek desalination plant began working at full capacity, producing drinking water on its two production lines at a rate of 150 million cubic meters per year – supplying some 20 percent of Israel’s drinking water. It is now the largest desalination plant of its type in the world, and the third Israeli facility in a row to hold this title: It took the crown from the Hadera plant, which itself not long ago unseated the facility in Ashkelon as the world’s largest.

Further south, the Palmachim desalination plant has also just completed an upgrade, doubling its annual capacity to 90 million cubic meters.

Israeli Company Converts Natural Gas to Car and Jet Fuel

Friday, October 4th, 2013

Primus Green Energy, a subsidiary of Israel Corporation inaugurated a new plant in Hillsborough, New Jersey that converts natural gas into gasoline.

The experimental plant can generate 100,000 gallons of gas a year. Primus says their price for gas is competitive.

Primus says the plant is able to produce various grades of gas, including home, car and jet fuel.

Haifa Mayor Tries to Annex Offshore Drilling Sites – Seriously!

Thursday, September 12th, 2013

At first we thought the article in Globes was a joke, but it turns out its not.

Haifa’s mayor, Yona Yahav, petitioned the Ministry of the Interior to expand his city’s boundaries an additional 90 kilometers west of the shoreline, which would then place the Tamar and Dalit gas field within his city limits, and thus subject to Arnona (city tax).

While the gas fields are inside Israel exclusive economic zone (EEZ), it’s considered to be outside the territorial boundaries of the state.

Yahav told Globes that he is still waiting for an answer.

Israel Testing Natural Gas Trucks

Monday, August 26th, 2013

The Israeli Ministry of Transportation is testing natural gas powered trucks to approve them for import and usage in Israel. Mercedes, Scania and Iveco have applied for import licences according to Globes.

Yitzchak Tshuva’s Delek Gas company, which owns the rights to the Tamar and Leviathan offshore natural gas sites is planning to build natural gas fuel stations.

Israel has found tremendous reserves of natural gas, and depending on usage, the gas could last Israel over 50 years.

More Gas Found Offshore of Israel

Monday, August 26th, 2013

Additional natural gas, and possibly light oil have been found at the Yam 3 drill site, 16 kilometers off the coast of Ashdod, according to a report in Globes.

It’s not yet clear how much gas and oil has been found.

Printed from: http://www.jewishpress.com/news/breaking-news/more-gas-found-offshore-of-israel/2013/08/26/

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