Showing posts with label Silvan Shalom. Show all posts
Showing posts with label Silvan Shalom. Show all posts
Wednesday, December 31, 2014
US encourages Noble Energy gas deals in Mideast | Kuwait News Agency (KUNA)
31/12/2014 | 09:09 AM | World News
تصغير الخطتكبير الخط
WASHINGTON, Dec 31 (KUNA) -- The US government on Tuesday said it encourages the signing of gas deals in the Mideast with Texas-based company Noble Energy.
"We continue to engage and we support all parties to move forward with the natural gas deal signed between Noble Energy and entities in Jordan and Egypt," the State Department's Director of Press Relations, Jeff Rathke, told reporters. "We strongly believe that these deals would enhance energy security in the region."
He added that Secretary of State John Kerry "discussed these issues" with Israeli Prime Minister Benjamin Netanyahu, while the US Special Envoy and Coordinator For International Energy Affairs, Amos Hochstein, met with the Israeli energy minister Silvan Shalom this week.
"We think it is important for all countries to have a strong investment climate, including a consistent and predictable regulatory framework," Rathke said. "We also think energy discoveries in the eastern Mediterranean can and should be used for strengthening collaboration and cooperation." (end) ys.tg
Source: http://www.kuna.net.kw/ArticleDetails.aspx?id=2416851&language=en
Thursday, November 20, 2014
Israel pitches ‘massive’ natural gas pipeline plan to Europe | Times of Israel
Israel pitches ‘massive’ natural gas pipeline plan to Europe
Silvan Shalom proposes multi-million euro idea to fellow energy ministers in Rome; project would reduce EU dependence on Russia
November 20, 2014, 9:15 pm 1
Energy and Water Minister Silvan Shalom visits a special processing plant off the coast of Ashdod in March, set to receive gas from the Tamar deposit for the first time in four years. (photo credit: Moshe Binyamin/Energy and Water Ministry)
Israel has proposed that EU countries invest in a multi-billion euro pipeline to carry its natural gas to the continent, noting that the supply from Israel would reduce Europe’s current dependence on natural gas from Russia.
A proposal for the “massive” project was introduced by Israel’s Energy Minister Silvan Shalom to energy ministers from Euro-Mediterranean countries who met in Rome earlier this week, Israel’s Channel 2 reported on Thursday.
It said the project would require a multi-billion euro investment from Europe to build a pipeline from Israel’s Mediterranean cost to Cyprus, from where the gas would be carried on to Greece and Italy.
The TV report said Cyprus, Greece and Italy were all supportive of the idea, and that Israel would make a formal presentation of the project to European representatives in Brussels in three weeks’ time.
Gas rigs in the Tamar field, off the coast of Israel, in June. (photo credit: Moshe Shai/FLASH90)
It would be cheaper for Europe to work on a supply route with Egypt, but this could expose the Europeans to instability because of the unpredictable political developments in Egypt, the report noted. Similarly, a pipeline from Israel to Turkey would be less expensive, but bilateral relations rule this out so long as Recep Tayyip Erdogan, a prominent critic of Israel, holds power there.
In September, Israel signed a deal to supply Jordan with $15 billion worth of natural gas from its Leviathan energy field over 15 years. The deal was Israel’s largest collaboration with Jordan to date, and will make Israel its chief supplier. Representatives of the gas companies involved, Delek Group Ltd. and Nobel Energy Inc., were in Jordan to sign the agreement.
Shalom hailed that deal as “a historic act that will strengthen the economic and diplomatic ties between Israel and Jordan.” Thursday’s report underlined that Israel hopes a natural gas partnership with Europe would also boost diplomatic relations with the EU, which are strained by major differences over policy on the Palestinians.
Israel decided last year to export 40 percent of the country’s offshore gas finds, and has since also signed a 20-year, $1.2 billion deal with a Palestinian firm. In June it signed a letter of intent to supply energy to an Egyptian facility as well.
Israel began pumping natural gas in March 2013 from the Tamar deposit — discovered in 2009 and located some 90 kilometers (56 miles) west of Haifa — which holds an estimated 8.5 trillion cubic feet of natural gas.
In addition to Tamar, in 2010 an even larger deposit, Leviathan — which boasts an estimated 16-18 trillion cubic feet of gas — was discovered 130 kilometers (81 miles) west of Haifa. It is expected to become operational in 2016.
Read more: Israel pitches 'massive' natural gas pipeline plan to Europe | The Times of Israel http://www.timesofisrael.com/israel-pitches-massive-natural-gas-pipeline-plan-to-europe/#ixzz3JdkX6paM
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Link to source: http://www.timesofisrael.com/israel-pitches-massive-natural-gas-pipeline-plan-to-europe/
Wednesday, September 10, 2014
Transmission lines for gas export to be financed by companies, not Israeli government | Jerusalem Post
Natural gas transmission pipelines built for conveying the resource to neighboring countries are set to be financed by the export companies themselves, rather than by the Israeli economy, the Natural Gas Authority Council announced on Monday.
More specifically, the companies will bear the cost of segments in the transmission system used only for export in order to reduce the financial burden on the Israeli consumer as much as possible, the National Infrastructure, Energy and Water Ministry explained.
In addition, the export companies will participate in financing pipeline segments that need to be duplicated for redundancy, which may serve both for export purposes and for transmission in the local market.
Among the members of the Natural Gas Authority Council, which is under the umbrella of the Energy Ministry, are the director-general of the Natural Gas Authority, a Finance Ministry representative, an Energy Ministry representative and two public representatives.
“The export of natural gas to neighboring countries through the transmission system opens new horizons for our natural resources and increases the revenue from them,” said National Infrastructure, Energy and Water Minister Silvan Shalom. “The exports will bring us closer to our neighbors, [and] will enable us to create long-term cooperation that will bring an improvement to the situation of all the countries in the region.”
The National Gas Authority Council made the decision after experiencing a year of what the Energy Ministry described as “a new reality in the energy sector.”
Exporting gas through the national transmission system has gained momentum, particularly as contracts and letters of intent are signed with neighboring countries, the ministry said.
Last Wednesday, the Leviathan gas reservoir partners signed a letter of intent to supply about 45 billion cubic meters of natural gas to Jordan’s National Electric Power Company over a 15-year period.
In June, the Leviathan partners signed a letter of intent with the British Gas Group for a 15-year supply of 105 b.cu.m. to its Idku natural gas liquefaction plant in Egypt.
Likewise, the partners of the neighboring Tamar reservoir signed a letter of intent with Spanish firm Union Fenosa in May, for the provision of 71 b.cu.m. to that company’s Egyptian liquefaction facility in Damietta.
In February, the Tamar reservoir partners signed a $500 million deal to provide 1.8 b.cu.m. of gas to the Jordanian firms Arab Potash and Jordan Bromine over 15 years, beginning in 2016, to power their Dead Sea facilities.
A month before, the Leviathan basin partners signed their first export deal – a $1.2b. sales agreement with the Palestine Power Generation Company, which would provide a future power plant in Jenin with 4.75 b.cu.m. of gas over 20 years.
As far as the transmission lines for export are concerned, the National Gas Authority Council stressed that some pipelines that are constructed or duplicated will be used both for export as well as for Israeli domestic consumption in the future. In these cases, the council said it would determine what the relative share of the flow for export and local consumption would be.
The total investment required for establishing export transmission lines will require more than NIS 250m., the Energy Ministry added.
More specifically, the companies will bear the cost of segments in the transmission system used only for export in order to reduce the financial burden on the Israeli consumer as much as possible, the National Infrastructure, Energy and Water Ministry explained.
In addition, the export companies will participate in financing pipeline segments that need to be duplicated for redundancy, which may serve both for export purposes and for transmission in the local market.
Among the members of the Natural Gas Authority Council, which is under the umbrella of the Energy Ministry, are the director-general of the Natural Gas Authority, a Finance Ministry representative, an Energy Ministry representative and two public representatives.
“The export of natural gas to neighboring countries through the transmission system opens new horizons for our natural resources and increases the revenue from them,” said National Infrastructure, Energy and Water Minister Silvan Shalom. “The exports will bring us closer to our neighbors, [and] will enable us to create long-term cooperation that will bring an improvement to the situation of all the countries in the region.”
The National Gas Authority Council made the decision after experiencing a year of what the Energy Ministry described as “a new reality in the energy sector.”
Exporting gas through the national transmission system has gained momentum, particularly as contracts and letters of intent are signed with neighboring countries, the ministry said.
Last Wednesday, the Leviathan gas reservoir partners signed a letter of intent to supply about 45 billion cubic meters of natural gas to Jordan’s National Electric Power Company over a 15-year period.
In June, the Leviathan partners signed a letter of intent with the British Gas Group for a 15-year supply of 105 b.cu.m. to its Idku natural gas liquefaction plant in Egypt.
Likewise, the partners of the neighboring Tamar reservoir signed a letter of intent with Spanish firm Union Fenosa in May, for the provision of 71 b.cu.m. to that company’s Egyptian liquefaction facility in Damietta.
In February, the Tamar reservoir partners signed a $500 million deal to provide 1.8 b.cu.m. of gas to the Jordanian firms Arab Potash and Jordan Bromine over 15 years, beginning in 2016, to power their Dead Sea facilities.
A month before, the Leviathan basin partners signed their first export deal – a $1.2b. sales agreement with the Palestine Power Generation Company, which would provide a future power plant in Jenin with 4.75 b.cu.m. of gas over 20 years.
As far as the transmission lines for export are concerned, the National Gas Authority Council stressed that some pipelines that are constructed or duplicated will be used both for export as well as for Israeli domestic consumption in the future. In these cases, the council said it would determine what the relative share of the flow for export and local consumption would be.
The total investment required for establishing export transmission lines will require more than NIS 250m., the Energy Ministry added.
Link to source: http://www.jpost.com/Israel-News/Transmission-lines-for-gas-export-to-be-financed-by-companies-not-Israeli-government-374772
Thursday, August 8, 2013
Cyprus President invites Israel to seriously consider exporting gas from Cyprus LNG plant | Famagusta Gazette
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On his part Israeli Minister of Energy and Water Resources Silvan Shalom stressed that relations between the two countries are not only based on the economy but are also “geopolitical and strategic”.
The two men were addressing an official ceremony for the inauguration of the Limassol Desalination Plant.
“In view of the fact that my Government is moving forward with determination with the construction of an LNG plant, in order to realize the significant potential of becoming the Eastern Mediterranean’s energy hub, I invite the Government of Israel to seriously consider committing to exporting Israeli gas from the LNG facility”, President Anastasiades noted in his address.
This, he added, “is all the more pertinent if one takes into account that Cyprus is perhaps Israel’s most stable partner in the region”.
He highlighted the fact that “our proximity to the Suez Canal is an important factor favouring the creation of a regional energy hub in Cyprus for the transportation of natural gas from Eastern Mediterranean countries, not only to Europe, but also to the Far East”.
“All of the above constitute key components of Cyprus’ vision not only as regards our energy co-operation with Israel, but also as regards energy co-operation in Eastern Mediterranean”, he said.
The Cyprus President further pointed out that a “web of natural gas transportation projects in the Eastern Mediterranean will serve as a means to potentially strengthen regional energy security and attract foreign investments, leading to job creation; this should serve as a boost to the economies of our region”.
He also spoke of the role energy could place in contributing to the peace and stability in the region to the benefit of all.
“Energy should not be a source of conflict, but a tool for conflict resolution and regional integration”, he said.
President Anastasiades expressed the hope that “we will soon have the opportunity to inaugurate many other projects that will be commonly undertaken by various entities, from both the public and private sectors of Israel and Cyprus, resulting in increased prosperity for both our nations, such as this vivid example of the Consortium Mekorot, Logicom and Demetra Investments”.
During his address he also spoke of “the great importance of adopting technology and learning from technological know-how of our neighbours in Israel, whose level of technological expertise is second to none”.
Therefore, he added, “I would like to request the Minister of Energy and Water Resources of the State of Israel, Mr Shalom, to convey our gratitude to my friend, Prime Minister Benjamin Netanyahu, for the cooperation, help and support that was tangibly provided and continues to be provided by Israel”.
Referring to the new desalination plant he pointed out that “together with the existing plants already operating and those that are being upgraded, now guarantee that not only Limassol, but all of Cyprus, will never go thirsty again”.
On his part Shalom also pointed out the significance of the new desalination plant and the fact that it was built by the National Israeli Company. I think, he said, it shows that we can work (together) on many fields, in water, energy and other fields”.
“I think we can work together because we look at Cyprus as one of the main and central allies of Israel in our region and as a whole”, he stressed.
Referring to the problems the Middle East is faced with he said that Cyprus was “a solid rock and a very good friend of Israel in all fields”.
Cooperation in the fields of water and energy, he pointed out, “shows the strength of the alliance between Israel and Cyprus, economically and politically as well”.
He thanked President Anastasiades for his recent visit to Israel and for promoting better relations between Israel and other countries, conveying “a message of friendship” on the part of the Israeli Prime Minister Benjamin Netanyahu.
Cypriot Minister of Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis, Israeli Minister of Energy and Water Resources Silvan Shalom and Greek Minister of Environment, Energy and Climate Change Yiannis Maniatis will be meeting on Thursday in Nicosia and are due to sign a Memorandum of Understanding in the field of energy and water resources. — (KYPE)
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