NEW YORK (JTA) — Malcolm Hoenlein, who is the professional head of one of American Jewry’s most influential organizations and who sits on the board of a large Israeli energy company, told JTA he sees no conflict between those roles. Hoenlein is executive vice chairman of the Conference of Presidents of Major American Jewish Organizations,…
Israel is boosting spending on its navy to better protect offshore oil and gas deposits and secure a large maritime zone that abuts that of its neighbor and enemy, Lebanon. The navy asked in 2013 for an increase in its budget of $700 million to build up its systems and $100 million annually to maintain…
On the sidelines of a nuclear security summit in Washington in March, Turkish President Recep Tayyip Erdogan held a private meeting with Israel’s energy minister, Yuval Steinitz. It was the highest level contact between Israel and Turkey since diplomatic relations broke down six years ago after Israeli forces raided a Turkish ship bound for Gaza,…
Expectations that Turkey and Israel will restore relations after a five-year-old rift have raised hopes of speedy progress in talks to import Israeli natural gas, potentially a multi-billion-dollar project. Israel’s once-strong ties to Turkey soured in 2010 when Israeli commandoes killed 10 Turkish activists when storming the Mavi Marmara, a ship in a convoy seeking…
The Israeli Cabinet voted to transfer to the government control over the development of natural gas, calling it a matter of national security. On Sunday, the Cabinet voted to allow the government to override the Antitrust Authority, which objects to the current draft agreement between the Israeli government and the gas companies, U.S.-based Noble Energy…
Israel is in advanced negotiations to supply natural gas from its vast Leviathan field to Arab peace partner Jordan under a 15-year, $15 billion agreement, the Israeli government, gas operators and industry officials said on Wednesday. The deal would involve the supply of 1.6 trillion cubic feet (tcf, 45 billion cubic meters) of gas over…
The Tamar drilling natural gas production platform near Israel / Getty Images It’s now a week since the scheduled start of one of the most important energy deals in Israeli history. But the signing was called off, hasn’t been rescheduled since, and now, uncertainty hangs over the future of the deal. Australia-based Woodside Petroleum was…
A Palestinian electric company was the first to sign an agreement to buy gas from Israel’s Leviathan natural gas field. The Palestine Power Generation Company signed a 20-year deal to purchase $1.2 billion worth of gas, some 4.75 billion cubic meters, from the Leviathan group, according to reports. The Leviathan partners informed the Tel Aviv…
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