The first of four giant barges carrying sections of the Leviathan natural gas platform set out on a 7,000-mile voyage from Texas and the Gulf of Mexico to the Mediterranean Sea
According to current estimates, it will take about a year to arrange the financing for the pipeline and five years to place it. If all goes according to plan, the pipeline could be operational as soon as 2025.
A new study discovered the Mediterranean is “only” 150 million years old, which has big implications for natural gas exploration in the region.
Delek and Nobel will supply some 3.5 billion cubic feet of natural gas from each of the fields by 2030.
The pipeline will be some 2,000-km long, will cost approximately $6 billion and could be completed by 2025.
Plans for an ambitious underwater natural gas pipeline dominated a trilateral summit between Israel, Greece and Cyprus in the northern Greek city of Thessaloniki Thursday.
With its forces vastly outnumbered by Arab armies, Israel’s victory in the 1948 War of Independence was widely considered a modern-day miracle. In 2017, the miracles keep coming.
Threats posed to Israel’s offshore gas rigs by Hezbollah’s missile arsenal have prompted the Israeli Navy to add extra missile defense systems to its warships.
The American production company Noble Energy is expected to announce in the coming days an investment of $550 million in the development of Israel’s Leviathan gas field.
Following reports that negotiations to import Israeli natural gas were renewed, Jordanian Boycott, Divestment and Sanctions (BDS) activists relaunched their earlier campaign to prevent such cooperation.