Israel is poised to finalize an energy deal with Greece and Cyprus which will include a mammoth electricity project connecting the power grids of the three countries, and a potential future regional natural gas pipeline between the eastern Mediterranean allies.
By Jewish News Syndicate (JNS)
Turkish President Recep Tayyip Erdoğan said that he was “very, very hopeful” about energy cooperation with Israel.
By Jewish News Syndicate (JNS)
An Egyptian company will buy 85 billion cubic meters of gas, worth an estimated $19.5 billion, from Israel’s Leviathan and Tamar offshore fields in the Mediterranean Sea over a period of 15 years.
By David Isaac
The main argument against the deal is that it would lead to a sharp rise in the number of oil tankers visiting the Gulf of Eilat, creating a threat to Israel’s coral reefs in the event of a spill.
"Israel is quickly becoming an energy powerhouse, an energy-exporting country."
Jordanian Members of Parliament (MP) are pushing for an urgent legislative initiative to repeal the agreement in which Israel will supply gas to the Hashemite Kingdom, ahead of the soon-to-be-launched natural gas pipeline between the two countries.
Egyptian gas companies halted deliveries of natural gas between 2011 and 2013 after terrorists blew up the pipeline in the SInai.
By JNi.Media
The deal between Israel and the PA comes in the wake of a major deal that was reached between Israel and the PA on managing the latter's $530 million debt to the Israel Electric Company.
This was the 28th time it's been blown up.