A minimum of three years is needed to ship gas to global markets via Turkey from the Aphrodite Gas field in Greek Cyprus and the Leviathan field in Israel.
The local partners in Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to $1.75b in financing.
Partners in Israel's Leviathan natural gas field declared that the project's first development stage will include a capacity of 12bcm/y of gas. Further stages could include an additional 9bcm/y of gas.
Zion Oil & Gas is moving closer to starting drilling operations in Northern Israel as it compiles with two key conditions set by Israel’s Petroleum Commissioner.
After the late agreement with Cyprus, Egypt will sign a maritime demarcation agreement with Greece which paves the way for future cooperation between Egypt, Cyprus, Greece and Israel.
Israeli Tamar Partnership and the Spanish energy company Union Fenosa Gas (UFG) are holding talks on a possible pipeline gas supply deal reviving the 2014 memorandum of understanding that has since been halted over t ...
Greece’s Energean Oil & Gas signed a $148.5m deal to purchase Israel’s natural gas fields Karish and Tanin. They jointly contain about 58.7bcm of gas and 14.3m barrels of condensate.