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Tag Archives: Israel

Secretary of State Kerry: Iran nuclear deal is good for U.S., Israel

Secretary of Sate John Kerry looked and sounded like a salesman pitching the deal of the century yesterday morning during a speech supporting President Obama’s Iran nuclear deal at Philadelphia’s National Constitution Center. Though the deal became veto-proof earlier in the morning when Maryland Sen. Barbara Mikulski became the 34th senator to announce her support, Kerry nevertheless used the hard ...

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Tamar a rare success as Israel struggles to reap gas bonanza

TAMAR PLATFORM, East Mediterranean – The Tamar natural gas platform, towering 300 feet above the Mediterranean, is a rare success story in Israel’s fledgling energy sector – a state-of-the-art facility that has already saved billions of dollars in electricity costs. But as the only terminal built since the gas bonanza began in this part of the Mediterranean six years ago, ...

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Emerging Israel gas deal ignites fierce debate

JERUSALEM — When natural gas was discovered a few years ago off the shores of resource-poor Israel, it was heralded as nothing short of a miracle, but an emerging deal with developers has been plagued by criticism, with opponents accusing Prime Minister Benjamin Netanyahu of caving to a monopoly. After long negotiations, a government committee has struck a deal with ...

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Jordan plans to buy gas from Gaza

AMMAN — Jordan is expected to sign a deal with British Gas Group Plc. this month to import natural gas from the Gaza Strip, according to Minister of Energy and Mineral Resources Mohammad Hamed. Jordan seeks to import 130 to 150 million cubic feet of natural gas per day from the company, which has the rights for developing natural gas ...

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Israel’s new rules on natural resources putting off investors

JERUSALEM, Jan 6 – New regulation of Israel’s natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. The rules, introduced over five years for many sectors but hitting natural resource companies particularly hard, allow the break up powerful conglomerates that dominate Israel’s economy, with the goal ...

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Noble Energy freezes talks with Israel Shipyards

Noble Energy Inc. (NYSE: NBL) is suspending its negotiations with Israel Shipyards until the future of the natural gas industry in Israel becomes clear, according to a letter sent this week to Israel Shipyards’ management. The negotiations are for a seven-year extension of the lease for the base of Noble Energy’s marine activity. The base area covers 28 dunam (seven ...

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Israeli regulator opposes Noble, Delek’s control of Leviathan gas field

JERUSALEM, Dec 23 – Israel’s competition regulator recommended on Tuesday breaking up what it says is a monopoly control of the country’s offshore gas reserves by Noble Energy and Delek Group, who together hold 85 percent of the giant Leviathan field. The decision puts in doubt current development plans for Leviathan, the huge deepwater gas field discovered four years ago ...

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