• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 4 hours Russian Effect: U.S. May Soon Pause Preparations For Delivering F-35s To Turkey
  • 4 hours China's Expansion: Italy Leads Europe Into China’s Embrace
  • 3 hours Poll: Will Renewables Save the World?
  • 3 hours New Rebate For EVs in Canada
  • 2 hours One Last Warning For The U.S. Shale Patch
  • 4 hours Chile Tests Floating Solar Farm
  • 2 hours Trump Tariffs On China Working
  • 1 hour 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 6 hours Biomass, Ethanol No Longer Green
  • 6 hours The Political Debacle: Brexit delayed
  • 23 hours Trump sells out his base to please Wallstreet and Oil industry
  • 21 hours No Mercy: EU Fines Google $1.7 billion For Abusing Online Ads Market
  • 12 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 18 hours Oil-sands recovery by solvents has started on a trial basis; first loads now shipped.

Breaking News:

BP Faces Platform Workers’ Strike

Gas Mergers Could Pressure Prices In Europe

Gas Mergers Could Pressure Prices In Europe

The merger of the PEG-Nord…

Central Asia’s Biggest Energy Challenge

Central Asia’s Biggest Energy Challenge

Russia’s Lukoil has moved to…

Israel Reaches Out to US for Oil and Gas Development

Israel Natural Gas Lines' is energetically courting US majors to develop its oil and gas industry, inviting firms specializing in exploration, production, pipeline construction, logistical services, workforce training and other related subsectors to join in the bonanza. 

This week, Israel announced that construction has begun on a submerged turret loading buoy linking LNG imports to the country’s gas transmission system as the country seeks to become and LNG exporter.

According to the US Geological Survey, the Levant Basin Province in the Eastern Mediterranean holds a mean recoverable reserve of 122 trillion cubic feet (Tcf) of natural gas and 1.7 billion barrels of oil. The province straddles the maritime boundaries of Cyprus, Gaza Strip, Israel, Lebanon and Syria.

From 28 October through 1 November, the US Department of Commerce and International Trade’s Commercial Service will lead an oil and gas trade mission to Israel.

Israel and the US Commercial Service are promoting this the opportunity of the year, telling media that Israel has made enormous natural gas discoveries off its coast that will help transform the country into an energy giant. 

By. Jen Alic of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Mary Elliott on August 28 2012 said:
    How involved United States should become, would depend largely on how beneficial this would be to the American economy as the Israeli oil holdings in and around Gaza
    lie waiting for extraction.
  • David McCormack on August 28 2012 said:
    Interested companies can visit: http://export.gov/trademissions/israel2012/ and send applications to david [dot] mccormack [at] trade [dot] gov

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News