Gazprom and Delek confirm agreement for Israel natural gas
Gazprom and Delek Drilling today signed a Memorandum of Understanding for the Israeli natural gas market.
Isreal
Zion Oil & Gas closes in on drilling in Northern Israel
Zion Oil & Gas is one step closer to starting drilling operations in Northern Isreal.
Israel to launch first offshore licencing round
Israel is set to launch its first offshore licencing round in a bid to rejuvenate is energy portfolio.
Iran Nuclear Deal: Israel condemns agreement
Israeli prime minister Benjamin Netanyahu has branded the Iran nuclear deal a mistake of “historic proportions” and vowed to maintain efforts to block the Islamic republic from obtaining an atomic bomb. His reaction was echoed across the political spectrum in Israel, where concern is high that the country’s arch enemy has duped the world and will acquire nuclear weapons to use against Israel. Iran already backs militant groups that attack Israel and its leaders have referred to Israel’s destruction in the past. Mr Netanyahu has been at the forefront of global opposition to the deal and has openly clashed with Barack Obama’s US administration and other western powers who have been pushing for an easing of sanctions in return for greater restrictions on Iran’s nuclear programme.
Israel to let US-led consortium keep control of biggest offshore gas field
Israel plans to leave its biggest offshore natural gas project, Leviathan, in the hands of a U.S.-Israeli consortium while opening the industry to more competition, under a proposal announced on Tuesday. Prime Minister Benjamin Netanyahu had been adamant in seeking a deal that would allow Leviathan to be developed and sought a parliament vote to let the state circumvent the antitrust authority, which has expressed opposition. When some ministers said they would not support such a position, Netanyahu faced a coalition crisis and ultimately the vote was postponed due to lack of a majority.