• 2 minutes Rational analysis of CV19 from Harvard Medical School
  • 4 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 7 minutes Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 11 hours China wields coronavirus to nationalize American-owned carmaker
  • 4 mins Joe Biden the "Archie Bunker" of the left selects Kamala Harris for VP . . . . . . Does she help the campaign ?
  • 3 hours Open letter from Politico about US-russian relations
  • 3 days China's impending economic meltdown
  • 23 hours US will pay for companies to bring supply chains home from China: Kudlow - COVID-19 has highlighted the problem of relying too heavily on one country for production
  • 3 days Trumpist lies about coronavirus too bad for Facebook - BANNED!
  • 3 hours Oil Tanker Runs Aground in Mauritius - Oil Spill
  • 3 days Why Oil could hit $100
  • 3 days Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 12 hours Trump is turning USA into a 3rd world dictatorship
  • 2 days Liquid Air Battery
  • 3 days The Truth about Chinese and Indian Engineering
  • 3 days Brent above $45. Holding breath for $50??
Robinhood Investors Have A New Favorite Oil Stock

Robinhood Investors Have A New Favorite Oil Stock

Robinhood investors are an increasingly…

Israel’s Massive Gas Field To Start Producing On December 23

Israel’s biggest natural gas field, Leviathan, is expected to begin production on Monday, the Israeli energy ministry said on Thursday, after a Jerusalem court rescinded an injunction that it had granted two days earlier over emissions concerns.

The Jerusalem District Court granted on Tuesday a temporary injunction barring rig activity on the Leviathan field that entails the emission of gases. This has basically put the project on hold, but on Thursday, the same court lifted the injunction, saying that it dismisses the petition “with prejudice due to the absence of the required factual foundation,” one of the Leviathan project partners, Delek Drilling, said on Thursday.  

While it said that the petitioners failed to prove that emissions could be dangerous, the court left an additional hearing as a possibility.  

The Israeli Energy Ministry said on Thursday that the wells at the Leviathan gas field would open early on Monday local time and that for several hours there would be limited emissions of nitrogen and nitrogen mixed with gas, but that the change in air quality is forecast to be small.

A senior official at operator Noble Energy said at the beginning of December that Leviathan was set to begin gas supply to the local market within three weeks and to start exports to Egypt and Jordan shortly after that, in a major milestone for the energy landscape in Israel and the Eastern Mediterranean.  

Leviathan—discovered in 2010—together with other fields discovered offshore Israel in the past decade such as Tamar, Karish, and Tanin, is expected to help Israel become energy independent.

Israel is set to soon begin natural gas exports to Egypt. The two countries, which mark this year 40 years since signing a peace treaty in 1979, have made meaningful advances in their natural gas industries in recent years and are competing to become Eastern Mediterranean’s next energy hub.

Israel’s Energy Minister Yuval Steinitz signed earlier this week the necessary permits for exporting natural gas from Israel to Egypt.

“Israel, for the first time in its history, has become an energy exporter - this is the most significant economic cooperation between Israel and Egypt since the peace treaty between the two states was signed,” Steinitz said.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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