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Delek, Noble sign accords for $15b in sales of Israeli natural gas to Egypt By SHOSHANNA SOLOMON
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.
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Jeremy Corbyn leads a pro-Palestinian demonstration in London in 2014, one year before becoming Labour Party leader. Photo: File.
A huge majority — 85.9% — of British Jews believe Labour Party leader Jeremy Corbyn is an antisemite, a poll conducted by The Jewish Chronicle revealed.
This marked a massive rise from the previous such survey, in which only 39% of Jews believed Corbyn was antisemitic.
British Jews also expressed an extremely low opinion of the Labour Party in general. The poll showed that 85.6% believed Labour suffered from “very high” levels of antisemitism.
Corbyn and his party have been beset with a series of high-profile antisemitism scandals for several years, which has resulted in the resignation and suspension of several prominent officials. Corbyn himself was recently caught on video saying that “Zionists” did not understand “English irony” despite “having lived in this country for a very long time.”
Israeli Bible Scholar Teaches Thousands of Japanese Friends of Zion By Dr. Rivkah Lambert Adler
Makuya in Jerusalem 201 (YouTube)
Like an apple tree among trees of the forest, So is my beloved among the youths. I delight to sit in his shade, And his fruit is sweet to my mouth. (Song of Songs 2:3)
For ten days in late August, Israeli Rabbi Benny Lau and his wife, Rabbanit Noah Lau, traveled from Jerusalem to Japan to lead Bible study for groups of Makuya Japanese Christians. The Laus traveled to five Japanese towns and spent three days together at a weekend conference with 3,400 members of the Makuya group.
Makuya is Japanese for the Hebrew word Mishkan, the tent of meeting, where human beings come into contact with God. The Mishkan was the portable sanctuary that the Israelites used in the desert, before entering Israel and building the First Holy Temple.
Pro-Israel Brazilian Presidential Front-Runner Stabbed at Rally
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Brazilian presidential candidate Jair Bolsonaro. (Credit: Agencia O Globo)
Jair Bolsonaro, the front-runner in the upcoming presidential election in Brazil, was stabbed during a campaign rally Thursday and was undergoing surgery.
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TRUMP ADMINISTRATION REOPENS RUTGERS ANTI-SEMITISM CASE by Joseph Klein
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Michael Freund: South Korean Pastor: ‘Israel was Chosen
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Soeren Kern :Germany: Anti-Immigration Party Surges in Popularity
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Louis Rene Beres :Palestinian “Sacredness” and the Law of Armed Conflict
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Seth Frantzman : The Trump Doctrine and the End of the ‘New World Order’
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Raymond Ibrahim: Death as Punishment for “Disbelief in Allah the Great”: Muslim Persecution of Christians, February 2018
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Dr. Mordechai Kedar: There’s a War Going On out There
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Another is the Assad regime’s war to take back control of the entire country, and a third is the PLO’s battle for survival.
Much has been written about the first of these wars, and reports have claimed that from early 2017 on, Israel has launched over 200 attacks in Syria, mainly at targets connected to Iran.