Free Republic

The announcement Thursday that the partners of the Leviathan gas reservoir will invest $3.75 billion in its development is a devastating blow to the BDS movement, Eli Groner, director-general of the Prime Minister's Office, told The Jerusalem Post on Thursday. The development of Leviathan, which is scheduled to take about three years, constitutes both the largest energy project and financial investment in Israel in the country's history.

Putin and Netanyahu to strike deal on Leviathan gas field The Australian October 20, 2015 12:00AM Russia wants to be the major partner in Israel’s offshore ­Leviathan natural gas field in the eastern Mediterranean, a top ­Israeli foreign affairs analyst said in Sydney yesterday. Ehud Yaari, the senior Middle East commentator for ­Israel’s Channel Two news, said “everybody regrets” a deal was not done with Woodside and that until now Israeli Prime Minister Benjamin Netanyahu had ruled out a Gazprom deal. Gazprom bid for a stake in the project in 2012 but was beaten by Woodside, which pulled out of...

Israel made another discovery off its coast. The newly discovered field, Royee, may hold up to 3.2 Tcf of natural gas according to a statement made by the Israeli partners in the field Ratio and Israel Opportunity who hold respectively 70%, and 10% stakes. The remaining 20% of the field are held by Edison. Royee is located about 150 kilometers offshore Israel close to its maritime borders with Cyprus and Egypt. The field’s size is yet to be confirmed, but current estimates suggest it is the third largest field discovered to date in Israeli waters after the Leviathan discovered by...

On May 3, Moscow criticized Turkey’s plans to explore natural gas deposits around the divided island of Cyprus, under the protection of Turkish naval and air power. Russian Foreign Affairs Ministry’s chief spokesman, Aleksandr Lukashevich, cautioned Turkey that its actions “may exacerbate the situation on the territory of Cyprus” (Rossiskaya Gazeta, May 4). The Greek Cypriots and Israel are coordinating their plans to develop offshore gas deposits and export the product in partnerships with international companies. One export route under consideration would run via mainland Greece into Europe. The Republic of Cyprus, Greece and, recently, Israel are all involved in...

While the Middle East may have a reputation for instability and occasional violence, there's no denying the vast riches it has to offer patient investors. Just months after the announcement of $1 trillion worth of minerals in Afghanistan comes word of oil discoveries in Israel... Israel may finally be able to tell its Middle Eastern neighbors where they can stick their oil — something the United States has wanted to do for years. In one of the most sought-after parts of the world, 4.3 billion barrels of oil could be sitting in the Leviathan project beneath the Mediterranean, according to...