Connect with us

Hi, what are you looking for?

Jewish Business News

Politics

Government considers increasing Israel’s gas export quota

Israel is mulling excluding gas exports to Jordan from the overall export quota.

Israeli Gas
Due to the low expected demand for natural gas in Israel, and the desire to strengthen relations with eastern neighbor Jordan, the Israeli government is considering excluding Jordan from its overall export quota. The plan was revealed by the team of Israel regulators that met yesterday with representatives of Noble Energy Inc. (NYSE: NBL) and Delek Group Ltd. (TASE: DLEKG). The significance of the plan is that the natural gas partners will be able to export more gas.

Last September, the Leviathan partners signed an agreement with the Jordanian Electric Power Company (JEPCO) to export $15 billion worth of natural gas over 15 years. The leviathan partners are due to export 3 to 4 billion cubic meters (BCM) of gas each year for a total of 45 BCM… [READ MORE]

 

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

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...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

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...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.