Owners of Israeli field seek to stop Cyprus deal with Egypt - CYPRUS MAIL

MARCH 14, 2018

George Psyllides

The owners of the rights in an Israeli natural gas field next to Cyprus’ Aphrodite reservoir have asked the Israeli government to take steps to stop the island signing a gas deal with Egypt as this would affect their interests, reports said.

Israeli business news portal Globes said the owners of the rights in the Ishai licence, a continuation of the Cypriot Aphrodite gas reservoir on the Israeli side of the boundary between the two countries’ economic zones, wrote to Petroleum Commissioner Yosi Wurzburger and to Minister of National Infrastructures, Energy and Water Resources, Yuval Steinitz claiming that the extraction of gas on the Cypriot side would lead to the extraction of gas from Ishai as well.

In Nicosia, a government source rebuffed the demand, according to the Cyprus News Agency.

“The claim, which is old, is unreasonable since they have officially admitted that the quantity discovered at Ishai is negligible and cannot be recovered,” the source told the agency.

The Israeli demand followed reports that Cyprus was in talks with Egypt to export gas from Aphrodite.

Ishai license holders warn on gas extraction from Aphrodite - GLOBES

13 Mar, 2018 10:32
Sonia Gorodeisky

Israel Opportunity chairman Rony Halman: Further development of the Aphrodite reservoir that ignores Israel's rights will represent a dangerous precedent.

The owners of the rights in the Ishai license, a continuation of the Cypriot Aphrodite gas reservoir on the Israeli side of the boundary between the two countries' economic zones, wrote to Petroleum Commissioner Yosi Wurzburger and to Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz claiming that the extraction of gas on the Cypriot side would necessarily lead to the extraction of gas from Ishai as well. The approach to the ministry follows reports that Cyprus is in negotiations with Egypt on an agreement for the export of gas from Aphrodite. In addition, energy giant Shell is reported to be in talks in buying gas from the Aphrodite and Leviathan reservoirs.

Gas cos lose appeal against Hanna license expiry - GLOBES

12 Jun, 2017 18:40
Nati Yefet

Minister of Energy Yuval Steinitz severely criticized Noble Energy, Delek Group, and Ratio.

Minister of National Infrastructure, Energy, and Water Resources Yuval Steinitz has rejected the appeal by Noble Energy, Delek Group Ltd. (TASE: DLEKG), and Ratio Oil Exploration (1992) LP (TASE:RATI.L) on the decision by Director of Natural Resources Administration & Petroleum Commissioner Yossi Wurzburger against extending the companies' oil and gas exploration license for the Hanna [block]. Wurzburger's decision came after the companies found only 2-3 BCM of natural gas in the Dolphin drilling, an amount insufficient to make the prospect commercially valuable.