Israel Oil and Gas Report - Business Monitor International - Industry Reports

Israel Oil and Gas Report

Israel Oil and Gas Report - Business Monitor International - Industry Reports
Israel Oil and Gas Report
Published Sep 10, 2016
81 pages — Published Sep 10, 2016
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Abstract:

On -- May ----, Israel s government approved the revised offshore gas plan, aiming to partially break up the offshore gas monopoly of Noble and Delek and establish a greater regulatory stability in the upstream sector. Importantly, a compromise has been found on the highly contentious stability clause , which is expected to foster exploration and development of major gas projects. ...On -- May ----, Israel s government approved the revised offshore gas plan, aiming to partially break up the offshore gas monopoly of Noble and Delek and establish a greater regulatory stability in the upstream sector. Importantly, a compromise has been found on the highly contentious stability clause , which is expected to foster exploration and development of major gas projects. Israel is looking to auction up to -- new offshore blocks by the end of ----. ...In the meantime, Noble has agreed to divest - of its working interest in Tamar field to the Israel-based Harel Group for USD---mn.

...On -- May ----, Israel s government approved the revised offshore gas plan, aiming to partially break up the offshore gas monopoly of Noble and Delek and establish a greater regulatory stability in the upstream sector. Importantly, a compromise has been found on the highly contentious stability clause , which is expected to foster exploration. ...The gas framework agreement foresees the sale of the Tanin and Karish fields to a new investor, supporting further exploration of the blocks, and potentially leading to a development plan. Earlier in the year, Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz also stated that passing the gas outline agreement would lead to the reopening of Israel s exclusive economic zone for exploration. According to the minister, only -- of Israel s offshore has been explored. ...Earlier in the year, Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz also stated that passing the gas outline agreement would lead to the reopening of Israel s exclusive economic zone for exploration. According to the minister, only -- of Israel s offshore has been explored.

...BMI View: The recent approval of Israel s highly-contentious natural gas framework is fostering activity in the country s upstream sector. Israel has already announced plans to auction up to -- new offshore blocks by the end of ----, while the country s flagship Leviathan gas project is seeing progress with its development plan being approved in June. ...Israel has already announced plans to auction up to -- new offshore blocks by the end of ----, while the country s flagship Leviathan gas project is seeing progress with its development plan being approved in June. In light of these developments, we hold our view that a lasting regulatory stability and successful implementation of Israel s new gas framework will be crucial for the development of the country s prospective gas industry. Table: Headline Forecasts (Israel ---------) ----e ----e ----f ----f ----f ----f ----f Crude, NGPL & other liquids prod, ---b/d -.- -.- -.- -.- -.- -.- -.- Refined products production, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Refined products consumption & ethanol, ---b/d ---.- ---.- ---.- ---.- ---.- ---.- ---.- Dry natural gas production, bcm -.- -.- -.- -.- --.- --.- --.- ...

  
Source:
Document ID
1748-4049
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Israel Oil and Gas Report" Sep 10, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Oil-and-Gas-Report-2026-514>
  
APA:
Business Monitor International - Industry Reports. (2016). Israel Oil and Gas Report Sep 10, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Israel-Oil-and-Gas-Report-2026-514>
  
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