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“Due to a malfunction discovered during preplanned maintenance work in the Tamar gas field, the supply of natural gas from the site has completely ceased."
“All this would of course have remained under the sea if various opponents were successful,” Netanyahu said. “But they failed."
On Monday, Turkey's Minister of Culture and Tourism arrives for a state visit to Israel as well.
Israel's Leviathan consortium signs a groundbreaking $10 billion gas deal with Jordan for a 15-year period.
The court gave Netanyahu a year to fix the "stability clause" or the gas outline is dead.
The development partners of the Leviathan gas field are planning to start the pipes flowing by 2019.
At last, the developers of the Leviathan natural gas field have inked a preliminary deal with Egypt; terms of a final deal are to be negotiated "soon."
Clare Freeman, head of the Texas-Israel Chamber of Commerce, says there is plenty of money to be made in the Israeli energy industry.
The Israeli government has reached a deal on natural gas development with the Noble Energy - Delek Ltd. consortium.
US Secy John Kerry turns out to be a helpful shareholder in Israeli natural gas exploration group partner Noble Energy.
Israeli government considers forcing an end to partnership between Delek and Noble Energy groups on the Leviathan and Tamar natural gas fields; other investors are watching - and waiting.
Israel became an energy producer for the first time today, after closing a deal to export natural gas from Leviathan gas field to Jordan.
Now, Noble Energy and Delek can sell the offshore fields and avoid being labeled a cartel.
Egypt is to receive 4.5 BCM (billion cubic meters) each year for 15 years, valued at 1.1 to 1.3 billion dollars a year.
Noble told analysts that drilling will not begin before the end of next year.
The government can expect to rake in billions of dollars from natural gas exports in the next 20 years, claimed Yitzchak Tshuva, controlling shareholder...
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