Israel | Egypt Oil & Gas - Part 7
Israel Secures Offshore Gas Field with Air Missiles
Israel is reported to have successfully tested an advanced surface-to-air missile to play a crucial role in securing the country’s offshore gas fields and to extend its aerial defense, according to The Guardian....
Egypt to Import Gas From Leviathan
Delek Group announced in a press release the signing of a Letter of Intent to export natural gas from the Leviathan Project to Egyptian consumers. The preliminary deal is for 15 years, and includes pumping the gas to ...
Aphrodite Gas Within Egypt’s Reach Thanks to BG Deal
The energy minister of Cyprus, Yiorgos Lakkotrypis, announced on Monday that a move by British oil and gas company BG International to buy a stake in Cyprus’ offshore mineral deposits was an important step forward for...
Noble Energy Poised to Sell Stake if Israeli Cabinet Overrides Knesset
Noble Energy (NBL) has agreed to sell its 47% stake in two undeveloped gas fields in the eastern Mediterranean to Israeli partner Delek Group for $67m, reported Seeking Alpha. This is to satisfy anti-trust concerns th...
Noble Energy: Still Room for Gas Exports to Egypt
“Reports of the death of the gas market in Egypt have been greatly exaggerated” says Noble Energy’s Vice President and Country Manager for Cyprus Gene Kornegay. The Noble Executive spoke at The Economist Cyprus ...
Israel Invites Oil Majors Following Nationwide Anti-Monopoly Protests
Israel is inviting international oil companies to further explore its offshore waters for natural gas, Israel’s Minister of National Infrastructure, Energy and Water Resources Yuval Steinitz announced on Tuesday Novem...
Israeli PM Meets Italy’s Eni to Discuss Regional Cooperation
Italian energy giant Eni issued a press release on the recent meeting held in Jerusalem between its CEO, Claudio Descalzi, and the Israeli Prime Minister, Benjamin Netanyahu, and the Infrastructure, Energy and Water M...
Petroleum Minister: New Discovery Not to Affect Israeli Gas Imports
Ahram Online quoted Sherif Ismail, the Egyptian Petroleum minister saying that the discovery of the Zohr natural gas field off Egypt will not undermine private-sector negotiations about buying gas from Israel. The quo...
