web analytics
September 2, 2014 / 7 Elul, 5774
At a Glance

Posts Tagged ‘Natural gas’

Lebanon Calls for US Help to Pilfer Israeli Gas

Thursday, June 5th, 2014

Lebanon’s parliament speaker announced Thursday that Beirut would ask the United States for help to cut in on Israel’s natural gas reserves in the Mediterranean Sea, the Times of Israel reported Thursday.

The field is located off the coast of Nahariya, south of Lebanon’s territorial waters. The area in question is a 1,400- square kilometre maritime that is considered part of Israel’s exclusive economic zone. US geologists believe the area contains up to 123 trillion cubic feet of natural gas and 1.7 billion barrels of oil.

Until that discovery was made, Lebanon had never laid claim to the area.  Since then, however, Hezbollah spokespeople have mentioned the issue repeatedly in their speeches, apparently planning to turn the area into a “maritime Sheba Farms,” a reference to the area of Israel that Hezbollah claims as “occupied” Lebanese territory. The United Nations regards that area as part of Syria, where as UN maps show the site as clearly being inside Israel.

For Hezbollah, however the supposedly-“occupied” Farms create pretext to continue preparations to fight the Israeli enemy.

Seize the momentum

Apparently seeking to seize on the momentum created when the United States legitimised Hamas’ participation in the Palestinian unity government, Parliament Speaker Nabih Berri asked Secretary of State John Kerry Wednesday to intervene on Lebanon’s behalf. who paid a surprise visit to Lebanon Wednesday.

TOI quoted the as-Safir newsper, which said that Berri told Kerry he hoped the US would mediate between Lebanon and Israel “in a balanced and fair manner.” Berri also apparently tried to bribe Kerry, offering an opportunity for US companies to become “partner(s) in oil exploitation in Lebanon,” the website added.

Lebanese factions fought a devastating civil war from 1975-90, destroying the country’s tourism industry and much of its export trade. In the past, the country, which is poor in natural resources, has been a haven of cultural freedom and tolerance, with a thriving nightlife and culture scene in the capital, Beirut.  Since then, the country’s economy has basically stagnated.

In addition, Lebanon has essentially been taken over by Iran, via its local proxy, Hezbollah. Following Israel’s withdrawal from the security zone the terror group has repeatedly kidnapped Israeli soldiers, most recently provoking the Second Lebanon War in 2006. As a result, Beirut has incurred massive national debt with little ability to repay it.

TOI reported that the United States has asked Lebanese officials to hold off on drilling in disputed waters until a final deal on borders can be reached.

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%).

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.

Printed from: http://www.jewishpress.com/news/breaking-news/israeli-company-converts-natural-gas-to-car-and-jet-fuel/2013/10/04/

Scan this QR code to visit this page online: