Personally I also expect to see a massive earthquake in Syria and what oil is left ... it tips over on the Golan Heights side... :whistle: ———— 4 hrs ago ... from Amir Energean announces natural gas discovery off Israel’s coast The Greek energy company Energean Oil & Gas plc announced they discovered 28-42 billion cubic meters (BCM) of natural gas in Israel’s North Karish gas field in the Mediterranean Sea. The company oversaw the drilling in North Karish from March through last week and confirmed it had completed the initial phase of drilling a week ahead of time, announcing the discovery on Monday. Energean’s CEO Mathios Rigas released a statement, confirming and praising the discovery, stating “We are delighted to be announcing this significant new gas discovery at Karish North, which further demonstrates the attractiveness of our acreage offshore Israel. We are building the Energean Power FPSO with spare capacity, which will enable us to quickly, safely and economically develop both Karish North and future discoveries. We have already signed a contingent contract to sell 5.5 BCM (0.2 Tcf) of this new resource, and our strategy is now to secure the off-take for remaining volumes. We continue to see strong demand for our gas, which we believe will be supported by today’s announcement.” Rigas also took to Twitter to highlight the opportunity the new gas discovery creates, stating, “The first gas discovery in Israel after a long time. Most importantly a discovery that can be commercialized very fast and not remain a “stranded gas field”. Energean is now a producer, developer and successful explorer in the Mediterranean.” The company has a contingent contract with Israel’s I.P.M. Beer Tuvia energy company for gas exports to sell a reported 5.5 BCM’s. Energean operates in Israel, Greece and the Adriatic and is listed under both the London and Tel Aviv stock exchanges. The new gas discovery is in addition to 45 BCM of natural gas already found near the site. It also is close to Energean’s floating production storage and offloading site, giving a reported capability of exporting 8 billion cubic meters per year. Israel’s Tamar field boasts 281 BCM in natural gas, with another 605 BCM at the Leviathan gas field. Prime Minister Netanyahu last met with Israel’s gas pipeline partners from Greece and Cyprus with US Secretary of State Mike Pompeo in Jerusalem last month. During that meeting, Israel finalized an agreement with Greece, Italy and Cyprus to move forward with construction of the East Med pipeline. The pipeline is set to be the world’s longest, around 2,000 kilometers. The deal is worth over $7 billion and has been under negotiations as part of the trilateral meetings between Israel, Greece and Cyprus. A tripartite committee was formed with continued agreements and joint projects in tourism, education, search and rescue, the pipeline and much more. The pipeline is expected to be completed by 2024. The creation of the gas pipeline will not only benefit Israel’s economy and diplomatic and trade relations with European states, but has also placed Israel as a significant player as the world’s largest natural gas exporter. It has also allowed Israel to become the region’s main player in natural energy, with deals in negotiations with Egypt and Jordan. -Fair use for information and discussion purposes - God is good! TR And it also adds to the attraction of the "spoil" Israel's enemies desire ! Update Israel has a surplus of oil but with the political stakes high, leaders grapple with how to play it Independent For decades, Israel was an energy-starved country surrounded by hostile, oil-rich neighbours. Now it has a different problem. Thanks to major offshore discoveries over the past decade, it has more natural gas than it can use or readily export. Having plenty of gas is hardly a burden, and it offers a cleaner-burning alternative to Israel’s longtime power sources. But it presents challenges for a country that wants to extract geopolitical and economic benefits from a rare energy windfall, including building better relations with its neighbours and Europe. Part of the problem is timing. Just as Israel prepares to produce and export large amounts of gas, the United States, Australia, Qatar and Russia are flooding the market with cheap gas. The other is maths: Israel’s 8.5 million people use in a year less than 1 per cent of the gas that has been found in the country’s waters. “We have a surplus of gas,” Energy Minister Yuval Steinitz said in an interview. “Israeli waters are swimming in gas, and what we have discovered is only the beginning.” Noble Energy, a Houston-based company that made its first discovery of gas in Israel in 1999, has found more than 30 trillion cubic feet of gas off the country’s coast over the past decade. Some experts say new discoveries could double that. As a result, Israel is phasing out diesel and coal-fired electricity, replacing it mostly with gas-fired generation and some solar power. Prime Minister Benjamin Netanyahu’s Cabinet is considering banning the import of gasoline and diesel cars starting in 2030 and gradually switching to vehicles fueled by compressed natural gas or electricity. Israel is also stepping up exports to neighbours like Jordan and Egypt. There are even plans to supply gas to a power plant in the West Bank for Palestinian customers. Yet these efforts will make only a dent in the country’s reserves. “We want to export,” said Jacob Nagel, former head of Israel’s National Security Council. “The question is: How much will it cost? Is it possible? How much time will it take?” For decades, Israel depended on Russia and other sources for fuel, while its industries and homes relied on coal and oil power plants that blanketed its cities with smog. The switch to gas has helped clear the air in cities like Tel Aviv and Haifa that have converted diesel-fueled plants. Israel’s biggest coal plant — in Hadera, a coastal city — will be converted over the next three years, cutting national coal consumption by 30%. Officials say they expect to eliminate coal use in 11 years. In Hadera, improvements are already noticeable after gas replaced oil in one part of the plant and officials installed a scrubber, an exhaust-cleaning device. The beach is no longer caked with sticky black tar, and a yellowish tinge on the horizon is gone. Guy Stansill, a 38-year-old vegetable farmer at the nearby Sdot Yam kibbutz who can see the plant’s chimneys from his kitchen window, hopes it’s for good. His five-year-old son, Tayo, has asthma, but is breathing better now that the plant is reducing its emissions. “Reducing the coal industry will be better for the air and health,” he said, although he worries about a possible spill from drilling and gas processing offshore. But his wife, Lee Kush, thinks the country ought to be investing more in renewable energy. “We have so much sun,” she said, “Why use gas at all?” - Fair Use - ————————————————- Meanwhile what is one of G/M major players up to? Turkey is illegally drilling off Cyprus East Coast and the EU is mulling putting sanctions on them after 2nd drilling ship deployed in Cypriot waters. Hmmm ... looks like Turkey will be eyeballing the Golan Heights and will have its feathers plucked soon .... :popcorn Turkey and Europe are headed for a showdown in the eastern Mediterranean over Turkish plans for oil and gas exploration and drilling in Cypriot-recognized waters, with the European Union reportedly now mulling cutting financial assistance to Turkey over the illegal drilling. EU envoys are reportedly meeting Wednesday to discuss various punitive measures against Turkey, including suspending aviation talks and even sanctions. The latest crisis was triggered after Turkish drilling vessel Yavuz sailed to an area off Cyprus’ east coast at the start of this week — the second to follow a first drilling vessel, Fatih, which had already been exploring in Cypriot waters. Notably, the vessels have been accompanied by the Turkish military, including drones, F-16 fighters, and warships. Turkish authorities have been brazen in publicizing their territorial claims and actions backing them, even as EU leaders have slammed the now months-long exploration and drilling expansion in solidarity with Cypriot condemnations (since last May). Turkish Vice President Fuat Oktay had warned over the weekend while speaking from the Turkish-occupied north of Cyprus: “Those who move against the legitimate rights of Turkey or the Turkish Cyprus and discount Turkey in the region will not be able to reach their aims,” according to Hurriyet Daily. However, EU foreign minister Federica Mogherini warned Turkey this week that the EU would respond "appropriately and in full solidarity with Cyprus" after Ankara announced the deployment of the Yavuz drilling vessel. Previously, the Fatih had been deployed a mere 42 miles off the west coast of Cyprus. The EU's Mogherini said following news of the second drill ship deployment that it's an "unacceptable escalation" which violates EU-member Cyprus' sovereignty: Turkey’s declared intention to illegally conduct a new drilling operation northeast of Cyprus is of grave concern. This second planned drilling operation, two months after the start of the ongoing drilling operations west of Cyprus, is a further unacceptable escalation, which violates the sovereignty of Cyprus. “We call on the Turkish authorities, once again, to refrain from such actions, act in a spirit of good neighborliness and respect the sovereignty and sovereign rights of the Republic of Cyprus in accordance with international law,” she added. The Cypriot government has repeatedly condemned Turkey's "blatant violation of international law" and urged the EU to take firmer action. “The Republic of Cyprus is determined to continue to defend its legal rights to the benefit of all its legal citizens, intensifying its efforts at a legal, political and diplomatic level, using all means at its disposal, especially in the framework of the European Union,” a new Cypriot government statementreads. The president of Cyprus Nicos Anastasiades previously slammed Turkey for its “unprecedented escalation of illegal action” which constitutes a “second invasion” in the eastern Mediterranean, blaming Ankara for illegally drilling inside its exclusive economic zone. Both the internationally recognized Greek Cypriot government and Turkey - which occupies northern Cyprus - have overlapping claims of jurisdiction for offshore oil and gas research in the natural gas-rich eastern Mediterranean. Turkish President Recep Tayyip Erdogan has recently been provocatively sending warships near Cypriot waters in order to ward off foreign competition to oil and gas research, according to Cypriot officials, also seeking to bar Cypriot ships and planes from freely traversing its own European recognized waters. But Erdogan is also bumping up against other Mediterranean countries' plans in the region — notably Israel and Egypt as well, at a moment he's engaged in multiple crises both domestic and related to the West — even as Turkey has long sought EU membership. Turkey has in the past demanded that Cyprus formally recognize the breakaway Turkish Republic of Northern Cyprus (since 1974) and allow it to share revenues from Cypriot gas exploration. Furthermore Turkey has laid claim to a waters extending a whopping 200 miles from its coast, brazenly asserting ownership over a swathe of the Mediterranean that even cuts into Greece's exclusive economic zone. Such claims have been condemned by the US, European Union, and Egypt, with NATO officials recently signalling to Turkey that it was out of line. Should the Turkish military attempt to enforce its drilling claims and run up against Cypriot and Greek vessels, it could spark a deadly encounter which would force the EU and NATO to finally weigh in more forcefully. -Fair Use- Hmmm ... :popcorn Breaking: Terrorist attacks knocks major gas pipeline out of service in Syria Al-MasdarNews.com BEIRUT, LEBANON (1:20 P.M.) – A terrorist attack targeted one of the most important gas pipelines in Syria this afternoon, a source from the Syrian military told Al-MasdarNews. According to the source, the terrorist attack struck the Al-Sha’er and Ibla gas factories, knocking them out of service. The source added that the likely culprit for this attack is the Islamic State (ISIS/ISIL/IS/Daesh) because they maintain a presence in the mountains near Al-Sha’er. Previously, the Islamic State controlled the Al-Sha’er Gas Fields; however, a big Syrian Army counter-offensive put an end to the terrorist group’s occupation of this site in 2017. -Fair Use- The hook has been set into Leviathan's jaw! Seems to be just driven deeper and set more securely. Cool to see how the Lord is playing the world as like in a chess game! Satan seems to be focusing on the number of pieces captured, while the Lord is working towards a checkmate! TR I'd like to add this important read. This article explains the REAL reason behind the Obama "Iran Deal" and it's all about natural gas. While it also explains why the Iran Minister (after POTUS pulled out of the deal), said he would expose western leader's who took bribes (from Iran) if the deal wasn't back on (May 2018), the meat of the deal ties in w/Bible prophecy-Iran-Russia-Israel and natural gas. ~~~~~~~~~ Enter The Pipeline Wars https://quodverum.com/2019/06/171/man-in-the-middle-the-importance-of-george-papadopoulos.html Great update from Amir ... covering everything that’s been going on in The Middle East. :good: This is an historic week for Israel because they are now pumping gas out of the Mediterranean not only for their own energy needs but also supplying to Egypt, Jordan and soon will be supplying to various parts of Europe including Germany. Cyprus is also involved in supplying the fuel as well. Meanwhile Trump secured the gas/oil fields in Syria sooo Turkey and Russia can’t touch it ... :mdrmdr: Amir believes G/M war is very very soon. Soon very soon :flyup: :flyup: :flyup: :flyup: :flyup: :flyup: Note: The gas/oil update is at the 25:25 marker point. - Fair Use- So I saw this today - it is an update on that North Karish oil field discovery... apparently it is even bigger than they first estimated! It is truly amazing to see how God blesses the nation of Israel. I agree with Amir... now that Israel is using the pipeline and sales are underway to Europe, I think (and am hoping I am right) the G/M war is just around the corner. All three of the major players are in economic straits and they are all oil or natural gas sellers... who is slowly stealing their market: Israel! Energean Oil and Gas plc, a Greek gas producer focused on the Mediterranean, said Monday that its appraisal of the Karish North discovery offshore Israel has revealed 0.9 trillion cubic feet (tcf) of recoverable natural gas resources plus 34 million barrels of light oil or condensate. The appraisal “significantly” increases the resource volumes discovered by Energean at the Karish and Tanin leases off Israel’s shore, the statement said. The firm had already discovered 2.4 tcf of natural gas at the Karish and Tanin fields, along with 33 million barrels of light oil. Energean has already signed accords to sell 4.7 billion cubic meters a year of the fuel to Israeli customers. Light crude oil is a liquid petroleum that has a low density and low viscosity than heavy crude oil. Natural gas condensate is a mixture of hydrocarbon liquids that are present in the raw natural gas produced at gas fields. Israel, a nation traditionally starved of natural resources, believes the discovery of natural gas reserved off its shores in the Mediterranean will lead it to energy independence and make it an exporter of gas. The Karish and Tanin natural gas fields sit alongside the larger Tamar and Leviathan deposits in Israel’s economic waters in the Mediterranean. In December 2016, Israel gave the go-ahead for the sale of the Karish and Tanin fields to Energean in an effort to increase competition in the domestic market. The output from the Karish and Tanin fields is earmarked for the domestic market. “This is an excellent result from the Karish North appraisal sidetrack, confirming in place volumes in the top half of pre-drill estimates and increasing our recoverable volumes in Israel by 0.9 Tcf (25 BCM) of gas plus 34 million barrels of light oil or condensate,” said Mathios Rigas, chief executive of Energean in the filing. Energean shares were up almost 2% on Monday at 2:44 p.m. in Tel Aviv. A fun fact about the Delek oil company, it’s owner is Yitzhak Tshuva (Hebrew: born July 7, 1948) an Israeli billionaire businessman. He is the chairman of El-Ad Group, which owned the New York Plaza Hotel. He also owns the Israeli conglomerate Delek Group. In 2014, he was listed by Forbes as the seventh wealthiest Israeli. Yossi Abu, CEO of Delek Drilling, said: "The closing of the EMG transaction marks the dawn of a new era for the Israeli energy market ?- Israel's transition to the status of a regional natural gas exporter." Spglobal.com I would say the hook is firmly planted deep in the jaw... :popcorn :popcorn fair use...
Another natural gas discovery off Israel’s shores announced by Energean who has a contingent contract for sale of 5.5 BCM’s; CEO of Energean: Discovery further demonstrates the attractiveness of our acreage offshore Israel.
Clifford Krauss
4 days ago
7/15/19
I find it interesting that he was born in 1948, he is 71 as of July.
