Israel To Replace Natural Gas Plants With Solar Energy
Natural gas out, solar energy in. This is the plan for the future of Israeli power plants. According to a report in Calcalist, a document from the Israel Ministry of Energy revealed the country’s intention More...
Netanyahu signs gas framework agreement for Israel’s natural gas industry
After a long legislative fight with the Knesset’s opposition members and some in his own governing coalition, Israeli Prime Minister Benjamin Netanyahu chose Thursday to use his legal prerogative More...
BG Buys Stake in Cyprus Field From Noble Energy for $165 Million
Noble Energy, Inc. announced today a farm-out agreement for a portion of its interest in Block 12 offshore Cyprus with BG International. BG is acquiring a 35 percent interest in Block 12, which includes More...
Delek, Noble take first step in selling two small Israeli gas fields
The Israeli Delek Group Ltd, led by Yitzhak Tshuva, and Avner Oil and Gas LP acquired the stake of Noble Energy Inc. in the Karish and Tanin natural gas reservoirs for $67 million. Delek More...
Eni CEO: Egypt gas find could be much bigger
Eni value per share on Wednesday reached €15.2 after CEO, Claudio Descalzi, announced that he expected investments worth $6 billion to $10 billion for the development of Shorouk (Zohr) natural gas field More...
Knesset vote leaves gas agreement stuck
An agreement over the financial future of Israel’s gas fields passed a vote in the Knesset Monday by a vote of 59-51, inspiring Prime Minister Benjamin Netanyahu to stand up in applause as the results More...
Egypt says Zohr gas find will not undermine talks on imports from Israel and Cyprus
The discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel or Cyprus, Egypt’s petroleum minister said on Wednesday, More...
Cabinet passes natural gas compromise outline, after 8-month impasse
After a nearly eight-month the Cabinet, at its weekly meeting today, 16 August, approved the revised terms of a disputed compromise outline. Cabinet members authorized the outline with majority, with More...
Minister of Finance: Gas roadmap cannot be approved
In a surprising announcement Minister of Finance Moshe Kahlon has told in an interview to Channel 2, “The natural gas roadmap cannot be passed, it will be changed. Every monopoly has to be More...
Russian gas cos mull Israel cooperation
A delegation of Russian natural gas companies, headed by Russian Deputy Minister of Energy Anton Inyutsyn, arrived in Israel for a two-day visit to examine possible cooperation on natural gas with Israeli More...