web analytics
September 5, 2015 / 21 Elul, 5775
At a Glance

Posts Tagged ‘Offshore drilling’

Millionaire Geologist Langotsky to Knesset Committee: Don’t Sell Offshore Gas to Egypt – Are You Mad?

Wednesday, July 8th, 2015

(JNi.media) The geologist behind Israel’s offshore natural gas field discoveries, Yossi Langotsky, told the Knesset Economic Committee on Monday, July 6, 2105, that “it is forbidden to export gas from the Tamar [gas field] to Egypt before the Leviathan [field] is connected —are you mad?”

The committee is reviewing the government’s proposal on a deal with the gas producers. The Knesset appears split between those urging the signing of a mediocre deal, giving the producers some advantages, but at the same time ending the 5-year delay in getting the off-shore energy over to Israel—and those who insist the gas producers could make a better offer that would result in significantly reducing the average Israeli’s energy costs.

Langotsky conceded that “all the security experts have decided that, for security reasons, we should export the gas to Egypt.”

“But it is stupidity, and national irresponsibility,” he protested, citing Former Shell president John Hofmeister, who warned in a Globes interview in June that “for the sake of Israel’s security, it should keep the natural gas it has found in the country, and convert everything it can to operate on gas.”

Hofmeister cautioned further: “Israel has many enemies and no oil. What will happen if an embargo imposed on it? If you think someone will come to the rescue, think again.”

Langotsky told the committee that the gas companies “are inherently thuggish. They want to maximize profits, it is their goal. But the state of Israel? Are you stupid? If, God forbid, something should happen to the Tamar field, or the pipe—sure, there will be a commission of inquiry to decide who’s at fault, but what good would it do us? ”

Langotsky, who for more than 10 years has been the driving force behind the off shore gas project, has been drilling the Promised Land for more than 40 years. And he knows all about thuggish gas companies — he spent several years fighting in arbitration to finally get his share in the discovery, in late 2011, about $100 million, give or take.

EMG Protesting Tamar ‘Reverse Flow’ To Egypt Story, Says Quoted Costs Unrealistic

Monday, March 23rd, 2015

Published on Jewish Business News

The attorneys for East Mediterranean Gas SA (EMG) have sent a stern letter of protest to the Tamar natural gas reservoir owners—Noble Energy Mediterranean Ltd., Isramco Negev 2 Limited Partnership, Dor Gas Exploration Limited Partnership, Avner Oil Exploration Limited Partnership, Delek Drilling Limited Partnership—and to the press, protesting the publication of the Tamar reservoir partners agreements with Dolphinus Holdings Limited on the supply of gas to Egypt through EMG’s pipeline.

The attorney, Niv Sever, states that EMG was “surprised, once again, to read in the press about an agreement assuming the use of its pipeline for ‘reverse flow’ of gas between the Israeli Tamar Reservoir partners and Dolphinus Holdings Limited.”

In no uncertain words and in fluent Lawyerese, the Tamar partners, as well as the press, are warned that “EMG strongly protests the repeated unauthorized use of its name, targeted, so it seems, to capitalize on its assets.”

Apparently, EMG, despite its being the owner and operator of the gas pieline whose flow is to be reversed under the new deal, “is not a party to the reported deal and was not included in such negotiations. To avoid any doubt, there are no discussions held between EMG and Dolphinus on such a transaction and there have been no negotiations held in the past.”

Sever adds that, even if his client, EMG, were to permit this unauthorized use of their pipeline, “the reported up-front costs of such an operation are unrealistic for a pipeline that has been out of operation for several years.”

Apparently, when a pipeline is dipped in seawater for several years unattended, you can’t just turn it on and expect it to start reverse flowing stuff.

Or, as Sever puts it: “future operation to transport the reported interruptible quantities of gas for the reported duration would not be economical as far as EMG is concerned.”

“As you must be aware, Egypt has often been reported to impose three determinants for any reverse flow deal,” Sever continues, “approval of the Egyptian government, creation of added value for Egypt, and resolution of the pending international arbitration cases between EMG and its shareholders and Egypt.”

Alas, EMG’s attorney explains, “the positions taken by Egypt in those cases to date, as well as existing Egyptian law restrictions, preclude, at present, any agreement by EMG to contract use of its pipeline for reverse flow on any terms.”

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.

Printed from: http://www.jewishpress.com/news/breaking-news/haifa-mayor-tries-to-annex-offshore-drilling-sites-seriously/2013/09/12/

Scan this QR code to visit this page online: