Israel plans to cut oil use in transportation by 60 percent by 2025....united states plans...
Israel plans to cut oil use in transportation by 60 percent by 2025, an aggressive target by world standards, and will tap into its newfound natural gas deposits to make it happen.
Israeli officials are confident - recently discovered natural gas in Israeli waters. With combined estimates of 810 billion cubic meters (bcm), the fields turned import-dependent Israel into a potential energy exporter.
The United States plans to cut oil use in transportation by 60 percent by 2025, an aggressive target by world standards, and will tap into its newfound natural gas deposits to make it happen.
US officials are confident - recently discovered shale gas. With estimates of 81000 billion cubic meters will turned import-dependent United states into a potential energy exporter.
Israel Ministry of Energy and Water resources, looks like Egypt is the prime NG supplier:
Natural Gas Suppliers
In December 2002, the Yam Thetis partnership was granted a transmission license, which consists of the supplier's own transmission system and the on-shore processing facilities, up to the point of the connection to the national transmission system. In December 2006, the EMG Company was granted a transmission license, to supply natural gas from Egypt.
Yam Thetis is a partnership of the Delek Group and Noble Energy for drilling operations in accordance with permits and licenses issued to them by the Minister of Energy and Water Resources. In June 1999, proven natural gas reserves were found in the Noa lease area, followed in February 2000 by more proven natural gas reserves in the Mari lease area. In 2001, following the discovery of the reserves, the Group started construction of production infrastructures, and as of 2004, began supplying natural gas to Israel Electric Corporation and subsequently also to large industrial enterprises. The Mari reserve, containing 30 BCM, will start to run out at the beginning of 2013.
The right holders in the Yam Thetis partnership are: Noble Energy (47%), Delek Drilling (25.5%), Avner Oil and Gas Exploration (23%) and Delek Investments and Properties (4.4%).
EMG (Eastern Mediterranean Gas & oil)
In the summer of 2005, the Governments of Israel and Egypt signed a memorandum of understanding for the importing to Israel of natural gas originating in Egypt; at the same time, a natural gas purchase agreement was signed between the Israel Electric Corporation and EMG, a joint venture between Egyptian and Israeli companies granted a concession from the Government of Egypt to export natural gas to Israel.
In 2006, work started on the laying of a submarine pipeline from El Arish in Egypt to Israel, and as of May 2008, the company has been supplying natural gas to the Israel Electric Corporation and to Israe