Partners in the offshore Tamar and Leviathan fields ink deals with Egypt’s Dolphinus Holdings Ltd. for the sale of some 64 billion cubic meters over coming decade
Illustrative photo of a natural gas field in the Mediterrane Delek, Noble sign accords for $15b in sales of Israeli natural gas to Egypt By SHOSHANNA SOLOMON
The partners in Israel’s Tamar and Leviathan natural gas fields, including a unit o Seaf US Noble Energy Inc and Delek Drilling LP, have signed $15 billion in deals to export natural gas to Egypt over 10 years.
In a filing to the Tel Aviv Stock Exchange on Monday, Delek Drilling LP, a partner in the Tamar and Leviathan fields offshore Israel, said Noble Energy Mediterranean and its partners in the fields have signed accords with Egypt’s Dolphinus Holdings Ltd. for the sale of some 64 billion cubic meters of natural gas from the two fields.
One accord calls for the sale of 3.5 BCM of natural gas annually from the Leviathan field, for a total of 32 BCM, the filing said, with the partners estimating the total revenues from the sale from the Leviathan field to reach $7.5 billion.
In addition, the partners said they signed an additional accord for the sale of natural gas from the Tamar field, for a total of 32 BCM and some $7.5 billion.
Delek said the partners were considering various options for the supply of the gas to Egypt, including via a Jordanian-Israeli pipeline that is currently being built or the use of the existing East Mediterranean Gas pipeline. Delek Drilling and Noble plan to start negotiations with EMG for the use of the pipeline to Egypt, the companies said in a separate, emailed statement.
Another option is to transport the gas to Egypt by connecting the Israeli transmission system to its Egyptian counterpart, the statement said.
Supply from Tamar will start as soon as the infrastructure for its transport is in place, the companies said, while that from Leviathan will start as soon as production starts from the well. Supply will continue until the amounts agreed upon are supplied or until December 2030, whichever comes first, the companies said.
Prime Minister Benjamin Netanyahu called the deal with the Egyptian firm “historic” and said it would yield billions for state coffers for the benefit of education, health and welfare.
The deals with Egypt are the first for the fields, and come on the heels of two other accords the partners signed with neighboring countries: Natural gas from Tamar has been exported since the start of 2017 to a Jordanian chemicals manufacturing plant on the Dead Sea, while the Leviathan partners have also signed a deal for the sale of gas to the Jordanian electric company NEPCO. The accord was signed during 2016 and the supply of the gas is expected to start by the end of 2019, the companies said in the statement.
“We are at an important milestone on the road to realizing our collective vision and dream of making Israel a significant exporter of gas to countries in the region,” said Yitzhak Tshuva, the controlling shareholder of Delek Group, which controls Delek Drilling. “The agreement will strengthen the relationships between Israel and its neighbors and increase economic cooperation between them.”
Dolphinus is a natural gas trade company which is planning to supply gas to large industrial and commercial consumers in Egypt.
Noble Energy holds 39.66 percent of Leviathan and a 32.5% stake in Tamar. Delek Drilling holds 45.34% stake in Leviathan and 22% stake in Tamar. Ratio Oil Exploration (1992) Ltd. Partnership holds a 15% stake in Leviathan. Isramco Negev 2 LP holds a 28.75% stake in Tamar.
The Global Compact for Safe, Orderly and Regular Migration — which seeks to criminalize criticism of migration — is nothing more or less than a dangerous effort to weaken national borders, to normalize mass migration, to blur the line between legal and illegal immigration, and to bolster the idea that people claiming to be refugees enjoy a panoply of rights in countries where they have never before set foot.
One thing about the agreement, in any event, is irrefutable: almost nobody in the Western world has been clamoring for this. It is, quite simply, a project of the globalist elites. It is a UN power-grab.
The waterfront in the Chilean city of Valdivia. Photo: Arvid Puschnig via Wikimedia Commons.
Top Jewish groups have welcomed a Chilean government decision made earlier this week to ban municipalities across the country from boycotting Israel.
The ruling — issued by the Comptroller General of Chile – stemmed from a complaint filed by the Chilean Jewish community over a move of the Valdivia municipality to ban the city from signing contracts with Israel-linked companies.
New immigrants to Israel arrive at Ben-Gurion International Airport, Aug. 17, 2016. Photo: Reuters / Baz Ratner.
A top Israeli minister called on the government on Sunday to craft a “comprehensive plan” to encourage the aliyah of French Jews.
In Diaspora Affairs Minister Naftali Bennett’s view, there has been a “historic missed opportunity” in recent years to bring more French Jews to Israel as immigrants.
“There are 200,000 French Jews who want to come here, and the state bureaucracies simply aren’t prepared for it,” Bennett, who also serves as education minister and head of the right-wing HaBayit HaYehudi party, claimed at a cabinet meeting in Jerusalem. “These are ethical people, Zionists, lovers of the Jewish people and the Land of Israel, and it is our moral obligation to help them.”
Israel has started uncovering and destroying Hezbollah’s attack tunnels under the Lebanese border, but destroying the group’s ambitious precision missile project will be much more difficult.
The Israel Defense Forces placed a camera into Hezbollah’s secret cross-border attack tunnel before sunrise on Dec. 4. They pushed it into the Lebanese side, under the Blue Line that separates the two countries. At dawn, two Hezbollah operatives reached the spot on their morning rounds. In the video disseminated by the IDF on Tuesday evening, one of the operatives is seen approaching the camera with suspicion. He stuck his nose in its direction and started to sniff around until something exploded in his face and he ran back the way he’d comVisibilitye.
The timing of Operation Northern Shield, to destroy Hezbollah tunnels leading from Lebanon into Israel, suggests that considerations other than security were behind the decision to launch it.
An Israeli commando from Yahalom, an engineering unit, takes part in a tunnel-hunting drill near Tel Aviv, March 7, 2012.
Prime Minister Benjamin Netanyahu delivered a speech to Likud activists on Dec. 2 that was both defensive and combative toward law enforcement authorities. He complained about the supposedly suspicious timing of the police announcement recommending his indictment for taking bribes in Case 4000, coming as it did one day before Police Commissioner Roni Alsheikh concluded his term in office.
This week, for the first time, Israel made public its discovery of the tunnel constructed by Hezbollah and reaching into Israel’s sovereign territory. This brought to an end a long period during which a large number of Israelis living in communities adjacent to the Lebanese border reported hearing sounds of digging as well as feeling tremors in the walls of their homes.
Attack tunnels are intended to allow for significant numbers of armed infantry bearing weapons, artillery and supplies, to traverse them within a minimal time span, avoiding Israeli lookouts and thereby gaining the element of surprise.
Last Saturday, Iran’s “moderate” President Hassan Rouhani called Israel “a cancerous tumor” in a speech at the regime’s annual Islamic Unity Conference.
Rouhani’s fellow speakers included deputy Hezbollah chief Naim Qassem and Hamas chief Ismail Haniyeh. Both terror bosses called for the destruction of the “cancerous tumor.”
With the predictability of a Swiss clock, the Europeans rushed to condemn Rouhani. The EU in Brussels condemned Rouhani. The German Foreign Ministry condemned Rouhani. And so on and so forth.
We could have done without their statements.
It was clear that with the onset of Operation Northern Shield—meant to neutralize terror tunnels Hezbollah has constructed along the Israel-Lebanon border—some would call it a public relations stunt by Prime Minister Benjamin Netanyahu. Those who believe the timing of the police’s recommendations in Case 4000—announced on the last day of Roni Alsheikh’s tenure as the police commissioner—was reasonable, somehow complain about the timing of the operation.
On Sunday evening, December 2, the people of Sderot, Israel – a town located a mere kilometer from the Gaza border – gathered to light the first candle of the town’s menorah to commemorate the first day of Hanukkah. Jews around the world celebrate this holiday, which marks the time some two millennia ago when the Jews regained control of Jerusalem and rededicated the Second Temple.
What makes the candle lighting in Sderot worth mentioning is the fact that it is particularly symbolic of how the Jewish spirit looks for ways to turn tragedy into triumph.
This is obviously a short-lived honeymoon that will end the day after the UN General Assembly vote on the anti-Hamas resolution. The morning after the vote, Abbas will wake up to the realization that Hamas was a strange bedfellow indeed.
Palestinian Authority President Mahmoud Abbas’s hatred of Hamas is far from secret. But Abbas is now defending Hamas because he despises the Trump administration, which has sponsored a UN draft resolution that condemns Hamas. Pictured: Abbas (right) meets with Hamas leader Ismail Haniyeh on May 30, 2007 in the Gaza Strip. (Photo by Abu Askar/PPO via Getty Images)