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August 30, 2016 / 26 Av, 5776

Posts Tagged ‘Tamar’

The Tamar Yonah Show – Another Angry Letter… [audio]

Tuesday, August 9th, 2016

Israel News Talk Radio received an angry letter from a listener saying that they did not want to hear about Jews moving to Israel after reading an article about a family found living in a succa hut. But, does the article give the whole story? Shifra Hoffman of VictimsOfArabTerror.org and Shuva.net dishes it out as she rebuttals the letter and points out the faulty outlook regarding making Aliyah (moving to Israel).

Also, Uri Kelman, a new immigrant from Los Angeles to Ashkelon, talks about his new community, the beautiful parks, and his job search in his new home. Check out his Facebook page here.

Also, Tamar reads a DARING speech from the book, “The Prime Ministers,” by former PM Menachem Begin as he lambastes the United Nations for condemning Israel for calling Jerusalem its eternal capital.

Tamar Yonah Show 07Aug – PODCAST

Israel News Talk Radio

The Tamar Yonah Show – The EU Break-Up and Israel [audio]

Monday, June 27th, 2016

Israel: A country of beauty, and sometimes hardships. Looking back in history and remembering the toil, blood and tears that we shed, we still have built an awesome country. Shifra Hoffman of VictimsOfArabTerror.com and Shuva.net talks about her 30 year ‘aliyah’ anniversary and how good it is to be home!

Also, what will the future of the EU be, and how will it affect Israel? Joining Tamar from Brussels, journalist and historian David Price talks about what is happening on the ground in Europe, and the toppling future of the EU. Read his articles at EURdemocracy.blogspot.co.il

Finally, Tamar rips through history, showing the fallacy of any ‘Palestinian Arab People,’ and the truth of who owns this land legally and rightfully.

For all of the latest editions of The Tamar Yonah Show, click HERE, or listen LIVE on Sundays at 9am ET/4pm Israel and on Mondays and Tuesdays at 1pm ET/8pm Israel!

Tamar Yonah Show 26Jun- PODCAST

Israel News Talk Radio

Tamar Yonah Show – Jerusalem Day Special: How It Was 50 Years Ago [audio]

Monday, June 6th, 2016

What was Jerusalem like when it was divided only 49 years ago? Tamar speaks with Shifra Hoffman from www.VictimsofArabTerror.com and talks about the miracles of the Six Day War, which saw the liberation and re-unification of Jerusalem.

Tamar Yonah Show 05Jun – PODCAST

Israel News Talk Radio

Oil Prices Hitting Barrel Bottoms: Good News for Israel

Thursday, February 11th, 2016

Oil prices in the U.S. dropped to around $27 per barrel last week, worrying investors and raising the hopes of those who placed their bets on the Leviathan gas field in Israel.

Oil supplies in the U.S. right now are glutted, to be blunt.

U.S. West Texas Intermediate (WTI) crude futures were down 44 cents at $27.01 per barrel, within a squeak to the one-day $26.19 per barrel in January, the lowest since 2003. Brent crude futures traded at $30.67 per barrel, down 17 cents.

Chart analysts said crude prices may be just days away from falling to $25 a barrel – the price in April 2003 – or below, as weakening technicals put more pressure on the market, according to Reuters.

Japan is celebrating the National Foundation Day, a public holiday, and China’s New Year holiday lasts all week, so trading activity in Asia has remained low. The Hang Seng index in Hong Kong resumed trading after being closed for the Lunar New Year holiday.

Nevertheless, British Petroleum (BP) forecast on Wednesday that demand for energy will increase in the next 20 years due to growth in world population and economy. The firm made its rosy prediction in its 2035 Energy Outlook report, commenting that although oil demand may decline, the demand for gas and renewable energy will grow. Gas remains the fastest-growing fossil fuel, according to the report, rising by 1.8 percent per year, compared to oil’s 0.9 percent growth. Renewable sources of energy such as solar and wind are projected to grow at around 6.6 percent per year.

Israel’s Leviathan natural gas field is just starting to make its debut into the market.

An Israeli-Turkish consortium, the Edeltech Group and Zorlu Enerji, has signed the first contract with the Leviathan development group, Texas-based Noble Energy, Israel’s Delek Drilling and Avner Oil.

Leviathan, believed to contain approximately 22 trillion cubic feet of natural gas, will provide six billion cubic meters of the energy resource to the Israeli-Turkish consortium at a cost of $1.3 billion over a period of 18 years.

Recently another natural gas reservoir was discovered by ISRAMCO and Modiin Energy LP off the coast of Israel, along the borders of the mammoth Tamar gas field, the first one to be discovered beneath Israel’s Mediterranean waters.

The licenses for Daniel East and Daniel West, as the reservoir has been designated, “have the greatest potential since Leviathan.”

The reservoir is about the same size as Tamar, which currently serves much of Israel’s needs. The next step is drilling to test the potential prospects of the reservoir – but trading for the field is already brisk on the Tel Aviv Stock Exchange (TASE).

A seven-year gas deal with Egypt was announced last year by the Tamar partners with Dolphinus Holdings, with five billion cubic meters of natural gas to be sold for $1.2 billion in the first three years. As with Leviathan, Noble Energy, Delek Drilling and Avner Oil are the partners who operate Tamar. The gas was to run through the underwater pipeline built nearly a decade ago by East Mediterranean Gas (EMG).

The Tamar natural gas field has been producing its precious energy resource for the domestic market since 2013.

Hana Levi Julian

New Israeli Gas Field Discovered, ‘Greatest Potential Since Leviathan’

Sunday, January 17th, 2016

ISRAMCO and Modiin Energy LP reported Sunday a new natural gas field has been discovered beneath the waves of the Mediterranean Sea, off the coast of Israel, with “the greatest potential since Leviathan.”

The new gas field was discovered along the borders of the mammoth Tamar gas reservoir. It’s about the same size as Tamar, which currently serves much of Israel’s needs.

The reservoir was reported by Netherland, Sewell & Associates, Inc., in a resources estimate on the Daniel East and West licenses held by the two companies.

According to Tzahi Sultan, who owns part of the controlling interest in Modiin Energy, the Daniel licenses “have the greatest potential since Leviathan.”

Trading in Daniel East and Daniel West was suspended on the Tel Aviv Stock Exchange (TASE) pending the announcement, according to Globes business news service.

“Gas reserves of this order could significantly change Israel’s energy industry,” Sultan was quoted by Globes. “If the potential is realized, the disocvery could help competition in the Israeli gas industry a great deal and could completely change the picture.”

After trading resumed, participation units in ISRAMCO jumped by 8.46 percent, and units in Modiin skyrocketed by 34.3 percent.

“We are excited at the potential that has been revealed for finding gas in the Daniel East and Daniel West licensed,” Modiin Energy CEO Ron Maor said in a statement.

“This is potential of a significant size which, if realized, could represent competition for the currently existing reserves, and improve the country’s energy security. Together with our partners we will carry out drilling to test the potential prospects as soon as possible.

“We hope that the State of Israel will encourage further activity in the potential gas reserves in the Daniel East and Daniel West fields.”

The Tamar gas field was discovered in January 2009, also in the Mediterranean Sea off the Israel coastline. The field is located in Israel’s exclusive economic zone, roughly 80 kilometers (50 miles) west of Haifa in waters 1,700 meters (5,600 feet) deep. The adjoining Tamar South field added even more reserves. Together, the two finds comprised the largest discovery at the time of gas or oil in the Levant basin of the Eastern Mediterranean Sea.

The Leviathan gas field is one of the world’s largest offshore gas finds of the past decade, and is believed to ultimately have the potential to change Israel’s relations with its neighbors. It is located about 47 kilometers (29 miles) southwest of Tamar, about 130 kilometers (81 miles) west of Haifa. It’s about 1,500 meters (4,900 feet) deep in the Levantine basin.

In November 2015, the developers of the Leviathan gas field closed and inked their first gas deal with Egypt.

Hana Levi Julian

Israel’s Leviathan Developers Ink Gas Deal With Egypt

Sunday, November 29th, 2015

Developers of the mammoth Leviathan natural gas field beneath Israel’s Mediterranean coastal waters have inked a deal with Egypt. It’s a deal that has had Israel’s government — and that of Cairo — holding their collective breath for months.

Leviathan will start pumping the natural gas to Egypt beginning in 2019 or 2020, for up to 15 years, according to the agreement. The price of the gas includes a floor price and is to be linked to the cost of Brent oil, Reuters reported.

The Leviathan developers and Egypt’s Dolphinus Holdings agreed in last week’s letter of intent to negotiate the terms on the final deal.

Natural gas will be pumped from Leviathan to the Dolphinus Holdings via an existing underwater pipeline, Dolphinus and the Leviathan developers said in a statement to the Tel Aviv Stock Exchange (TASE).

The pipeline was built nearly 10 years ago by East Mediterranean Gas (EMG) when gas was being piped from Egypt to Israel. At the time, EMG had been managing an Egyptian-Israeli gas agreement. But that deal collapsed in 2012 after unending terrorist attacks ended the flow in the gas pipeline that ran through the Sinai Peninsula.

Leviathan, which holds an estimated 622 bcm of gas, is being developed by the Texas-based Noble Energy and Delek Group through Delek Drilling and Avner Oil and Gas. Dolphinus represents Egypt’s non-governmental, industrial and commercial consumers.

“We’ve worked with Dolphinus before and we expect to reach a final agreement quickly,” Yossi Abu, CEO of Israel’s Delek Drilling told Reuters.

“The Egyptian market is thirsty for gas, both for domestic use and for their export facilities. There is a lot of room for cooperation there.”

Dolphinus already agreed earlier this year to a seven-year deal to purchase at least $1.2 billion of natural gas from the Israeli Tamar gas field.

Leviathan is located close to the Tamar field. Cyprus also has a role in some gas field development with Israel as well; the two countries share a common basic with Egypt which gas discoveries have been made.

In addition, the Italian company ENI announced in August of this year that it had discovered one of the largest gas fields in the world off Egypt’s Mediterranean coast. The reserves are estimated at about 30 trillion cubic feet of natural gas, the equivalent of about 5.2 billion barrels of oil.

Abu noted that the discoveries, together with Egypt’s cooperation, have created a natural leadership role in the region for Cairo.

“Egypt is becoming a regional hub through cooperation with the Leviathan and Tamar partners, and together with Israel and Cyprus,” he said.

According to the U.S. Geological Survey, the eastern Mediterranean contains huge gas reserves – estimated at approximately 122 trillion cubic feet.

Hana Levi Julian

Israel Reaches Gas Deal with Noble Energy, Delek Ltd. Group

Thursday, August 13th, 2015

Prime Minister Binyamin Netanyahu announced Thursday the government has reached an agreement with developers of the nation’s largest natural gas field, Leviathan.

According to the agreement, there will be a ceiling on future sales to domestic firms and the consortium has committed to completing development of the gas field by 2020. It will be brought to the Cabinet for a vote on Sunday.

The agreement follows nearly a year of wrangling between regulatory agencies and the energy consortium between Texas-based Noble Energy, in which U.S. Secretary of State John Kerry also owns shares, and Israel’s Delek Ltd.

The problems began when Antitrust Authority director-general Prof. David Gilo ruled last December that the gas sector must be restructured. The Authority accused the Noble Energy – Delek Ltd. group of forming an illegal monopoly, raising red flags for others who called on the state to nationalize its gas reserves.

As a result of the regulatory quagmire that followed, numerous talks that were in process with other countries stalled – and then stopped entirely – as other firms lost patience with Israeli bureaucratic snarls.

Deals that were pending with companies in Egypt, Spain and other countries are now questionable, placing what might otherwise have been a healthy new market for Israeli natural gas possibly on indefinite hold.

As the energy group pointed out to the government at the time, unless the companies who initially discovered the fields can recover their investment and also make a profit from their work, there will be no reason for them to continue to drill or explore further.

Hana Levi Julian

Printed from: http://www.jewishpress.com/news/breaking-news/israel-reaches-natural-gas-deal-with-noble-energy-delek-ltd-group/2015/08/13/

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