“Lebanon has been out of the economic waters game for a long time. The Syrians have ‘taken a bite’ from gas reserves to the north—and the maritime border between Syria and Lebanon has never been finalized,” says Maj. (res.) Tal Beeri.
By Aryeh Savir, Tazpit News Agency
The focus of both sides is the oil and gas discoveries in the territorial waters which are under dispute.
Israel’s new offshore gas industry will generate $60 billion in revenues in Israel over the next 20 years, Finance Minister and Yesh Atid party chairman Yair Lapid told the Knesset in its first day of the winter session Monday. He charged the Opposition with damaging the economy by placing obstacles to the natural gas hook-up, […]
By JTA
An Israeli energy company has announced plans to export natural gas via pipelines through Turkey and other countries in the Middle East. The Delek Group, the parent firm for several energy and gas exploration companies, said in its new prospectus that it plans to export some of the newly discovered natural gas off the Mediterranean […]
Thank God it was Greenpeace and not Hezbollah. If terrorists, instead of activists, had entered Israel’s natural gas terminal and roamed freely for 90 minutes, it would have been a mass catastrophe.
The shekel-dollar rate has soared 4 percent in the past two weeks, with the latest jump today (Wednesday) prompted by expectations that the Bank of Israel will lower the interest rate again in June. The rate crossed the level of 3.69 shekels to the dollar on Wednesday after having dropped under 3.55 shekels to the […]
The government can expect to rake in billions of dollars from natural gas exports in the next 20 years, claimed Yitzchak Tshuva, controlling shareholder of Delek, which is a major partner in the Nobel Energy consortium that has begun pumping gas from its off-shore oil discovery. Opposing views are trying to prohibit exports, arguing that […]
Bill Clinton’s wealth is more than $55 million. He gets a double dividend as a paid energy lobbyist and being a “friend” of Israel by lobbying against the government’s taxing newly-found gas.
By Shalom Bear
Yitzchak Tshuva expressed regret that the gas flow's arrival into Israel was being presented as having desecrated the Shabbat or the Pesach Holiday.