Israel | Egypt Oil & Gas - Part 4
Israel’s Leviathan Gas Field Secured $1.75b Financing
The local partners in Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to . 75b in financing, Oil Price reported. Israel’s Delek Drilling and Avner Oil Exp...
Israel Launched Oil, Gas Exploration Tender
The Israeli Energy Minister, Yuval Steinitz, announced bids for 24 new offshore oil-and-gas exploration licenses. The tender is expected to close in April 2017. Winners will be chosen in July, reported Reuters. Upon a...
Israeli Gas Project Secured $1.75b Funding
The main Israeli partners developing the large Leviathan natural gas site, Delek Drilling and Avner Oil Exploration, have signed commitment letters with HSBC and J.P. Morgan for up to $1.75b of financing. However, the...
Leviathan Gas Field to Yield 12bcm/y
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, rep...
Zion Oil to Drill Oil Well in Israel
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, World Oil Reported. Zion’s CEO, Victor G. Carrillo,...
Israel, Greek Cyprus Talked Gas Delivery to Europe
At an energy conference in Athens, late September, energy ministers of both Greek Cyprus and Israel met to discuss ways to channel east Mediterranean gas to Europe via a Greek pipeline. A feasibility study on the 1,30...
Egypt to Sign Maritime Demarcation Agreements
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, in addition to expedited gas expl...
Tamar, UFG Negotiating Gas Pipeline
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 th...
