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Tag Archives: Israel

Egypt to pay Israel $1.76 billion after halting gas supplies

JERUSALEM— Israel’s state-owned electric utility said Sunday that Egyptian natural gas companies have been ordered to pay it $1.76 billion in compensation for halting gas supplies. Egyptian Prime Minister Sherif Ismail said Egypt would appeal the decision by an international arbitrator, state-run MENA news agency reported. Egypt stopped selling natural gas to Israel in 2012 after months of attacks on ...

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Steinitz tells US energy cos about Israel’s potential

In parallel to efforts to pass the gas roadmap agreement, attempts are also continuing to encourage other gas companies to invest in Israeli drilling and energy production. As part of these efforts Minister of National Infrastructure, Energy, and Water Resources Yuval Steinitz held marathon talks last week in Washington and mainly Houston with US energy companies. The first company he ...

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Amid Noble flap, Israel recruits U.S. oil firms

HOUSTON – Israel is working to persuade more U.S. energy companies to invest in its growing offshore fields, saying a fractious delay to Houston-based Noble Energy Inc’s massive Leviathan natural gas project will soon end if a new regulatory regime takes effect. Israel Energy Minister Yuval Steinitz said U.S. companies should not be turned off, even as Noble threatens to ...

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Israel gas agreement moves another step nearer

The authority of Minister of Finance Moshe Kahlon over the natural gas sector will be given to Minister of Tourism Yariv Levin at the upcoming cabinet meeting, sources inform “Globes.” The transfer of authority is another step on the road to the natural gas plan, which has been treading water for several months. At the same time, another problem involving ...

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Let’s develop Leviathan and Aphrodite together

Cyprus is interested in developing the Aphrodite gas field together with the Leviathan gas field but cannot wait for Israel, if the delays continue, Cypriot Minister of Energy, Commerce, and Tourism Georgios Lakkotrypis told “Globes” in an exclusive interview. Lakkotrypis revealed that next month there will be a decision on whether the Aphrodite field extends under Israel’s economic waters and ...

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Gov. Hickenlooper wraps up trade mission in Israel

DENVER — Colorado Gov. John Hickenlooper is wrapping up a two-week trade mission with a visit to Israel. On Monday, Hickenlooper helped ring the opening bell at the Tel Aviv Stock Exchange, met with Prime Minister Benjamin Netanyahu and also visited the Western Wall in Jerusalem, one of the holiest sites in Judaism. His visit came amid tensions among Israelis ...

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Cypriot Energy Minister denies gas dispute with Israel

Cypriot Minister of Energy, Commerce, Industry & Tourism Georgios Lakkotrypis is denying a report by “Globes” two days ago that disagreements between Israel and Cyprus were delaying development of the Aphrodite natural gas reservoir. According to Cypriot press reports, Lakkotrypis said that only two weeks ago, he spoke on the phone with Israel’s Minister of National Infrastructure, Energy, and Water ...

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Gas partners regret wasted time on political delays

After the Knesset approved the gas agreement but failed to vote on transferring Minister of Economy Arye Deri’s powers to bypass the Israel Antitrust Authority, the gas partnerships put out statements. Delek Group Ltd. (TASE: DLEKG) units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) said, “The Knesset today has its say in democratic ...

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