Today, the Petroleum
Council has approved the granting of the new exploration licenses following the
licensing round that was concluded in mid-November
The 1st Israeli offshore licensing round closed. Companies from India and Greece Bidded on Gas and Oil Exploration Blocks Offshore Israel. The 2nd licensing round will be launched in 2018
Last week in Jerusalem, the Director General of the Ministry of Energy Mr. Shaul Meridor, hosted a high-level delegation of the Indian government and senior officials from 4, Fortune 500, Indian energy companies, interested in the 1st Israeli offshore bid round for oil and gas exploration. The Indian delegation also expressed interest in Israel's advanced energy related technologies and in forming cooperation and partnership with local companies and institutes.
The Petroleum Commissioner announced today, June 22nd 2017, the updated timeframe for the 1st Israeli Offshore bid round that was launched in November 2016. Closing date for bid submission – 15/11/2017 (instead of 10/07/2017).
Minister Steinitz at the Energy Ministers Summit Held in Israel:
"The Israel-Europe Gas Pipeline Will Allow Israeli Gas to Reach Every Home in Europe. There Has Never Been Such an Ambitious Infrastructure Project in Israel"
The Plan for Promoting Marginal Fields Received Government Approval. The plan includes an investment of 100 million ILS in a shared, offshore gas pipeline, 10 million ILS in incentives for car fleets operating on natural gas, and additional measures aimed to support the development of new fields so as to encourage competition in the natural gas industry
The Minister of Energy Submits the Plan for Promoting Marginal Fields for Government Approval.The plan includes an investment of 100 million ILS in a shared, offshore gas pipeline, 10 million ILS in incentives for car fleets operating on natural gas and additional measures.
The Ministry of Energy Presents Israel's 1st Offshore Licensing Round in the APPEX Global 2017 International Exploration Conference.
The Minister of Energy, Dr. Yuval Steiniz, announced today, February 9th 2017, the updated timeframe for the 1st Israeli Offshore bid round
The Minister of Energy, Dr. Yuval Steinitz: "Due to queries from potential bidders we decided to postpone the submission deadline in order to allow for additional companies to submit proposals. The opening of the sea for new oil & gas exploration ventures is expected to significantly increase the competition in the natural gas sector and to promote the natural gas market to the benefit of Israel's citizens and energy security."