natural gas

Israel Electric sells Eshkol power plant to private group for over NIS 12 billion

Sale of power plant is part of electricity sector reform to boost competition; Energy Minister Katz says part of proceeds will be used to lower electricity prices

Illustrative: A fisherman navigates rough seas along the coast of the Mediterranean Sea in Gaza City, April 11, 2018. (Adel Hana/AP)

June 18, 2023, 3:13 pm

Netanyahu announces advance in long-stalled plans to develop gas field off Gaza

After decades of false starts, Prime Minister’s Office says plan aimed at boosting Palestinian economic development, in coordination with Egypt and the PA

By ToI Staff

June 18, 2023, 1:49 pm

Israel Electric sells Eshkol power plant to private group for over NIS 12 billion

Sale of power plant is part of electricity sector reform to boost competition; Energy Minister Katz says part of proceeds will be used to lower electricity prices

By Sharon Wrobel

This October 7, 2015, photo shows a general view of the Eshkol power station, the first in Israel to produce electricity from natural gas, in the coastal city of Ashdod. (AP Photo/Tsafrir Abayov, File)

June 11, 2023, 7:06 pm

Clal to invest NIS 252m in Meshek Energy upon winning the Eshkol power plant tender

Eshkol power station is sold in a tender by the Israel Electric Corporation; Meshek’s subsidiary is said to have submitted a NIS 10 billion bid for the Ashdod plant

By Sharon Wrobel

Israel Katz, national infrastructure, energy, and water minister (right) and Energean CEO Mathios Regas. (Courtesy)

June 1, 2023, 3:24 pm

Israel officially recognizes Energean’s Katlan reservoir as natural gas discovery

Ministry says classification of offshore field, which holds an estimated 68 billion cubic meters of gas, marks the first natural gas discovery recognized by Israel since 2015

By Sharon Wrobel

Illustrative: People on a beach as a drilling platform is seen in the background outside from Larnaca port, in the eastern Mediterranean island of Cyprus, October 15, 2017. (Petros Karadjias/AP)

May 31, 2023, 3:02 pm

Israel’s NewMed and partners to connect the Aphrodite gas field off Cyprus to Egypt

New development plan presented for approval to Cypriot government is expected to cut costs and bring forward production start of natural gas from the reservoir

By Sharon Wrobel

Protesters rally against plans for the Kesem power station. 'This gas will kill us,' read the signs in yellow (YouTube screenshot)

May 30, 2023, 3:34 pm

Government greenlights 2 gas-fired power stations to meet electricity demands

Kesem plant earmarked for plot near Rosh Ha’ayin in the center of the country, while Dorad in the southern coastal city of Ashkelon will be expanded

By Sue Surkes

Illustrative: People on the beach take photos of the 'Tungsten Explored' drilling ship, in the southern coastal city of Larnaca, Cyprus, on November 3, 2021. (AP Photo/Petros Karadjias, File)

May 15, 2023, 6:28 pm

Israel and Cyprus working on deal to build natural gas pipeline, processing plant

Cypriot energy minister says he’ll visit Jewish state soon to hammer out agreement, with project expected to take at least 2.5 years to finish

By MENELAOS HADJICOSTIS

Illustrative: Stena drilling ship. (NewMed Energy)

May 7, 2023, 8:05 pm

Israel’s NewMed Energy and partners begin drilling at Aphrodite gas field off Cyprus

Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit

By Sharon Wrobel

Illustrative photo of Palestinian fishermen paddling their small boat a few hundred meters off the beach of Gaza City while casting their nets in search of small fish on August 10, 2014. (AFP/Roberto Schmidt)

May 6, 2023, 6:15 pm

Top security officials deliberating potential development of offshore gas for Gaza

National security adviser acknowledges internal discussions, which TV report says are linked to recent Israel-PA contacts, but insists no deal until Hamas returns soldiers’ bodies

By ToI Staff

Israel's offshore Leviathan gas platform. (Albatross)

March 19, 2023, 4:38 pm

Leviathan group, in push to boost gas output, updates reservoir value to $12.5b

Sales from offshore gas reservoir in 2022 rise to $2.5 billion; partners have plans to increase annual gas supply by about 2 BCM with new subsea pipeline expected in 2025

By Sharon Wrobel

December 21, 2022, 6:24 pm

Large natural gas field discovered off Cyprus

Field estimated to hold 2-3 trillion cubic feet of hydrocarbon fuel, as eastern Mediterranean including Israel’s territory estimated to have enough supply for export until 2050

By AP

Cyprus Energy Minister Natasa Pilides gestures during an interview with The Associated Press at the Energy ministry in the capital Nicosia, Cyprus, December 19, 2022. (AP Photo/Petros Karadjias)

December 20, 2022, 1:08 am

Cyprus weighing proposed pipeline to funnel natural gas from Israel

Energy minister says Cypriot government is waiting to hear from Jerusalem on how much gas it’s willing to export to Europe, amid energy crisis compounded by Russia’s war in Ukraine

By MENELAOS HADJICOSTIS

Illustrative photo of a natural gas field in the Mediterranean Sea (Moshe Shai/FLASH90)

December 19, 2022, 3:57 pm

Egypt says it found large natural gas deposit in eastern Mediterranean

Petroleum minister tells parliamentary committee well in Nagris block still being evaluated; energy newsletter reports its size as 3.5 trillion cubic feet

By ToI Staff

Illustrative: The Tamar gas field. (NewMed Energy/Delek Drilling)

December 6, 2022, 6:50 pm

Israeli energy firm signs joint natural gas exploration deal with Morocco

Israel’s NewMed and Adarco Energy each awarded 37.5% stake in Boujdour Atlantique, with license for 8 years; Morocco to get remaining share

By ToI Staff and Sharon Wrobel

Qatar's Minister of State for Energy Affairs Saad Sherida al-Kaabi, center left, with Emirati Energy and Infrastructure Minister Suhail al-Mazrouei, center right, during the Gastech 2021 conference in Dubai, United Arab Emirates, September 21, 2021. (AP Photo/Jon Gambrell)

November 23, 2022, 11:16 pm

Qatar to join consortium pumping gas from offshore field straddling Lebanon, Israel

Last week’s deal with France’s TotalEnergies and Italian ENI includes approval for state-owned energy giant to join group exploring in formerly disputed area

By Lazar Berman