Delek Drilling to Spin Off Tamar Stake
Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday.Last year Delek spun off an initial 9.25 percent of Tamar into a new company in Tel Aviv called Tamar Petroleum. It said at the time it expected…
Israel, Greece and Cyprus Mull Gasline to Europe
Greece, Israel and Cyprus will explore the possibility of building a natural gas pipeline to Europe, tapping huge gas reserves discovered in the eastern Mediterranean in recent years, leaders of the three countries said on Thursday. Israel has reported some of the largest gas finds in the past decade and EU member Cyprus confirmed a discovery in 2011…
Israeli finds Another Large Offshore Gas Field
An Israeli exploration group reported on Sunday it has discovered another large natural gas field off Israel's Mediterranean coast. The group, led by Isramco Negev and Modiin Energy, said that a resource report showed there could be an estimated total of 8.9 trillion cubic feet of natural gas at the Daniel east and west fields.
Israelis Chase Egypt Gas Contracts
Egypt important to Israeli gas export plans; arbitration linked to Egyptian gas exports. Israeli firms Delek Group, Ratio Oil, and Isramco Negev said on Monday they would push ahead with talks to export natural gas to Egypt despite an arbitration ruling in a separate deal that has caused anger in Cairo.
UFG to Drop Egypt Lawsuit if Israel Import Deal Cleared
Spain's Union Fenosa Gas (UFG) may drop a lawsuit against Egypt if it approves a deal for the company to import Israeli gas into its idle liquefied natural gas (LNG) export plant in Egypt, a source close to the talks said. UFG, a joint venture largely owned by Spain's Gas Natural and Italy's Eni, had to…
Tamar to Supply Israel Power Plants Over $1 bln of Natgas
Reuters - The partners in Israel's Tamar natural gas field said on Wednesday they agreed to sell more than $1 billion worth of gas to two power plants that are being built. Up to 4.5 billion cubic meters (bcm) will be sold over 15 years to the Alon Tavor and Ramat Gabriel plants. A start date was not disclosed and the deal was subject to several approvals.
