Tag: Offshore Gas

"We hope that Lebanon will become an oil state,” Energy Minister Walid Fayyad said.

The proposal includes a pipeline between the two countries' offshore rigs.

Based in Herzliya, NewMed was formerly known as Delek Drilling.

According to Lior Schillat, director-general of Israel's Energy Ministry, the agreement will "allow the development of a gas reservoir that crosses the border between enemy states, an unusual event in the global energy market."

A commercially viable deposit containing an estimated 13 billion cubic meters of natural gas was found at the Zeus-01 drilling site, the company says.

Hamas doesn't want to openly bicker about their share of the gas, as that would take away focus from “igniting” the region.

Nasrallah said there is still 2.5 square kilometers that have not yet been liberated from Israel.

Nasrallah also didn't forget to praise "Areen al-Aswood" and Arab terrorist Udai al-Tamimi.

MP Gebran Bassil, the president's son-in-law, says Beirut had "guarantees" that once a border accord was reached with Israel, the French firm would "restart its petroleum activities offshore."

Friedman tweeted, "No one then imagined 100% to Lebanon and 0% to Israel. Would love to understand how we got here.”

“We’re talking about weeks—actually days—to finish the delineation issue,” says the head of Lebanon’s General Security Agency.

Hamas is demanding “rights to Palestine’s natural resources.”

Lebanon is reportedly demanding additional 1,460 square kilometers from Israel’s economic water, in addition to the 860 square kilometers on which the discussions are already focusing.

This signing of the MOU is “another step on the way to Israel’s positioning as a natural gas power.” the Ministry of Energy stated.

Lebanon-Israel-US mediator Amos Hochstein agrees to return to Lebanon and resume the negotiations with Israel regarding the maritime border, if Lebanon will back down from its claim on point 29.

Nasrallah's speech regarding the maritime border and the offshore gas rig: "This is up to the state to decide"

Delek Group and its subsidiary, NewMed Energy, announce developing the disputed Aphrodite offshore gas field off the Cypriot coast.

Someone anonymous withdrew their claims in the UN to the expanded maritime area.

"Such activity threatens to expose third parties to significant liability,” Erdan warned.

“What prevents Lebanon from being part of changes that have taken place in the Eastern Mediterranean in the area of gas? The culture of perpetuating the conflict with Israel,” said Nadim Koteich.

“We will not give up any inch of our homeland or a drop of its waters or an inch of its dignity,” says Lebanese minister.

Natural gas fields were discovered about 36 kilometers west of the Gaza Strip in the late 1990s.

After the “Oruç Reis” survey vessel returned to the eastern Mediterranean, countries criticized the move.

In what could be a major breakthrough, Lebanon has agreed to negotiate with Israel over their shared maritime border after the Sukkot holiday.

Egypt introduced daring legislation and innovative, flexible pricing models to launch their gas export industry.

A security official told a Knesset committee the attack during Operation Protective Edge missed its objective of blowing up the rig.

Now, Noble Energy and Delek can sell the offshore fields and avoid being labeled a cartel.