Deal to allow Israeli gas exports to Egypt
Company CEO says purchase is 'most significant milestone' for market since gas fields' discoveries.
Company CEO says purchase is 'most significant milestone' for market since gas fields' discoveries.
Will Islamist radicals attempt to derail development of a huge gas field off Egypt's shores?
An Italian exploration firm searching for gas and oil off Egypt's shores announced Sunday that it had found a huge natural gas deposit.
Prof. Sheshinki of Hebrew University explains how long debated new deal breaks monopoly, rescues Israeli natural gas market.
Energy minister says deal will stop monopoly on offshore gas, provide energy security to state and millions to its coffers.
Citing friendship with partner in Tamar gas field, Kahlon excludes himself from process despite having promised to break monopoly.
Israel took in NIS 744 million ($188 million) in royalties for offshore gas fields – a 39% increase over the year before.
Officials behind the Tamar gas field on Sunday signed a memorandum of understanding to supply Egypt with Israeli gas.
Israel is out shopping for new warships to protect the new Tamar gas field that has just come online to supply natural gas to the nation.
Israelis will still have to pay more for electricity next month, though the huge Tamar gas field has come online.
Four years after drilling began, gas from the platform 80 km off the Haifa shore is flowing to Ashdod.
This year's state financial report includes an estimate of Israel's rights to oil and gas discovery revenues. Amount: NIS 20.3 billion.
Natural gas has been discovered at Dolphin 1, located in the eastern Mediterranean waters 110 kilometers west of Haifa.
As Israel began drilling in the Tamar natural gas field, Turkey announced that it, too, may soon begin - off the coast of northern Cyprus.