Tamar gas field
‘Major prospect’ off Crete boosts expectations
With US-based ExxonMobil entering the final stage of exploration in Crete, Athens' expectations have been boosted by the statement by Environment and Energy Minister Kostas Skrekas that there are indications of a significant deposit that could fill the Russian gas gap in Europe for 10 years.
- Read more about ‘Major prospect’ off Crete boosts expectations
- Log in to post comments
Israel starts exporting natural gas to Egypt under landmark deal
Israel began exporting natural gas to Egypt on Wednesday under one of the most important deals to have been signed by the neighbors since they made peace decades ago.
A private firm in Egypt, Dolphinus Holdings, will purchase 85 billion cubic meters (bcm) of gas, worth an estimated $19.5 billion, from Israel's Leviathan and Tamar offshore fields over 15 years.
Energy developments in the EastMed and Turkey’s self-exclusion
The Eastern Mediterranean has once more emerged as a particularly critical area for international and regional stability, security and economic growth. On its geopolitical chessboard, competition is evolving.
Cyprus, Israel seek gas-sharing formula
An ownership squabble over Cyprus's main natural gas field is threatening to delay multi-billion-dollar plans to turn the Eastern Mediterranean into a major energy hub.
- Read more about Cyprus, Israel seek gas-sharing formula
- Log in to post comments
Energean secures Israel gas project
Greek oil producer Energean has exceeded its target for gas sales contracts needed before it goes ahead with plans to tap two gas fields off Israel's coast, market sources said on Wednesday. Energean bought the Karish and Tanin fields, located in deep waters around 100 kilometers off Israel's coast, last August for $148 million from US-Israeli partners Delek Group and Noble Energy.
- Read more about Energean secures Israel gas project
- Log in to post comments
Turkish energy minister 'to visit Israel for pipeline deal'
Energy Minister Berat Albayrak is set to visit Israel by the end of this year to conclude an agreement for the building of a natural gas pipeline from the Jewish state to Turkey, the Israeli energy minister said on July 12.
Turkish-Israeli pipeline deal on the way?
"We could have Israeli gas in Turkey in the next three to four years," said Shaul Meridor, the Israeli Energy Ministry's director general, at the eighth annual Atlantic Council Istanbul Summit.
- Read more about Turkish-Israeli pipeline deal on the way?
- Log in to post comments
Israel begins gas exports to Jordan: Company
An Israeli company said on March 2 it has started exporting gas from an offshore field to Jordan, marking the country's first ever exports of natural gas.
The exports to Jordan began in January, Delek Drilling -- part of a consortium leading the development of Israel's offshore gas reserves -- told AFP.
- Read more about Israel begins gas exports to Jordan: Company
- Log in to post comments
Israel's Leviathan partners approve gas production target for late 2019
The Israeli partners in the Leviathan gas field said on Dec. 12 they approved a development plan for the field with a target production date for the end of 2019.
The plan, the group said in a statement to the Tel Aviv Stock Exchange, includes a first stage development for production of about 12 billion cubic meters (bcm) a year at a cost of $3.5-4 billion.
Israeli Leviathan partners get up to $1.75 bln HSBC, JPMorgan financing
The main Israeli partners developing the large Leviathan natural gas site said on Nov. 27 they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion (1.65 billion pounds) of financing.
Delek Drilling and Avner Oil Exploration said the funds would go towards the A1 development stage of the project.