Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Turkey rules out buying gas from Israel, for now


Turkish Minister of Energy Taner Yıldız: The deal has become politically inconceivable.

Tamar,    The Natural Gas Production Platform Off The Israeli Coast,    Is To Begin It's Natural Gas Production

 

Israel’s incursion into the Gaza Strip has resulted in the freezing of progress on a deal to sell Israeli gas to Turkey, after the possibility became politically inconceivable, Turkey’s Minister of Energy Taner Yıldız said yesterday. The minister said at a press conference that “in the reality that has come about it will not be gas that flows in a pipeline constructed between Israel and Turkey but the blood of the innocents.”

Nevertheless, the Turkish minister did leave an opening for renewal of negotiations on future gas purchases, saying that Turkey would review its position if a long-term cease-fire was achieved and if Israel lifted its blockade of the Gaza Strip.

The developers of the Leviathan gas reserve, US company Noble Energy (39.66%), Delek Group Ltd. (TASE: DLEKG) units Avner and Delek Drilling (45.33%), and Ratio Oil Exploration (1992) LP (TASE:RATI.L) (15%), have been conducting negotiations for a year on selling gas to Turkey under a fifteen-year agreement that would be worth tens of billions of dollars.

Ten consortia have been involved in a quasi-tender process that the Leviathan partners have been conducting, from which one leading consortium is meant to be selected in the next few days. The name that has appeared in international media reports is that of a consortium of Turkey’s Sabanci Group and German energy giant E.ON, in equal shares.

Published by Globes [online], Israel business news – www.globes-online.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis