The Tamar offshore gas field situated in the Levantine basin off the coast of Israel commenced production in 2013.
DALLAS and CAESAREA, Israel, Feb. 26, 2024 /PRNewswire/ — Zion Oil & Gas, Inc. (OTC: ZNOG) announces the full acceptance of its work plan by the Supervisory Committee in Israel.
Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East.
Crude oil prices have ticked up over 2% in the aftermath of the rejection of a ceasefire in Gaza.
Israeli Prime Minister Benjamin Netanyahu vowed to continue the war until “victory”.
The rejection of a ceasefire deal comes a day after the U.S. launched one of a series of retaliatory strikes following the death of three American soldiers in Jordan.
Shipping disruptions across the Red Sea threaten global trade after major shippers, such as Maersk and others, have rerouted vessels.
As of Monday, QatarEnergy, one of the world’s largest LNG exporters has stopped shipping cargoes through the Red Sea.
Possible delays or disruptions of LNG shipments from Qatar are not a concern to European traders yet.
When we talk of the Israeli-Palestinian conflict, we tend to focus on the latter’s political, social and humanitarian dimensions. But often this comes at the expense of considering an important economic dimension — one which recent events in Gaza have brought into stark relief.
Chevron said Monday that it had shut down a natural gas field off the coast of Israel at the behest of local officials, two days after Hamas militants launched their deadly assault on the country.
Cyprus hopes during talks which start next month, to develop plans for a pipeline linking it to Israel’s east Mediterranean gas fields, the island’s top energy official told Reuters.
The partners in the Leviathan project believe it is the largest natural gas reservoir in the Mediterranean and one of the largest producing assets in the region.