Italy’s Edison in negotiations to acquire two Israeli gas fields

07/03/2014 14:59 Natural Gas


Edison, Italian utility owned by EDF France, is in negotiations to acquire the Tanin and Karish gas fields offshore Israel from Delek Drilling and Noble Energy, U.S. explorer, at a total capacity of about 70 billion cubic metres, according to two sources familiar with company’s plans.

The Israeli and U.S. firms should vend their stakes in the two minor fields to prevent from denouncing a cartel by the antitrust organization. The enormous Leviathan gas fields are presently developed by Delek Drilling and Noble Energy. Around 29 trillion cubic feet of gas deposits have been discovered offshore Israel by both companies since 2009. Offshore Israel is already being explored by Edison after purchasing licenses for the Neta and Roi locations, which cover an area nearby Leviathan gas fields that is imperative to Israel's goal to become a worldwide gas exporter. The price for gas in Israel is low, counting for about $5.50 per million British thermal units (mmBtu), and together with regulatory insecurity makes hard to justify large investments in the country.

Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

18/09/2020 14:15:00

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.


Nuclear essential to hydrogen future

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Untapped options for clean hydrogen - including the use of advanced modular reactors - can put the world back on the pathway to meeting the Paris climate goals, according to a new report from energy research and consultancy firm LucidCatalyst. The report says the clean energy transition from oil to hydrogen-based fuels could be achieved with a global investment of USD17 trillion, spent over 30 years from 2020 to 2050.


WindEurope seeks clear policy for offshore hybrids

18/09/2020 08:44:00

Trade body calls on EU to enable projects that connect into multiple power markets