Such a facility would allow Israel to increase gas exports and diversify the countries to which it exports gas.
If the deal is completed, Eni will receive a 38%-39% stake in Ithaca while Delek will reduce its stake from 88.55% to 53%-54.9%.
Israeli billionaire Aaron Frenkel has bought the 3.5% stake of Everest at a valuation of $7.1 billion for the offshore gas field.
The National Infrastructures Committee has approved construction of the Reindeer Energy Eastern Power Station and expansion of the OPC power station in Hadera.
Storage Drop’s portion of the grant to develop innovative cooling systems in the EU funding program - HORIZON in the Clean and Efficient Cooling 2023 Track - is €1 million.
The renewable energy company reported that it had signed an MOU for the investment in Doral LLC.
"Had it not been for the war, there would have been a deal,” a source familiar with the details told “Globes”.
The business activity of the Israeli robotic solar panel cleaning company has been sold to its CEO Eran Dgani.
The contract is for the supply of up to 12 BCM of gas over fifteen years.
Since the start of 2024, the price of a liter of 95 octanes gasoline has risen by NIS 0.57.
The rise in royalties paid by the gas companies last year stemmed mainly from larger exports to Egypt and Jordan.
Abu Dhabi's ADNOC and BP have formed a joint venture to operate in Egypt and remain in protracted talks to buy Israel's NewMed.
Mivtach Shamir subsidiary Shamir Energy invests in energy production from both conventional and renewable sources.
The decision by Chevron and the other partners in the gas reservoir comes six months after then energy minister Israel Katz approved greater exports to Egypt.
"Globes" asks why there was a blanket ban on publication of the case's proceedings despite the huge interest to the public.
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel in February will rise by NIS 0.16 per liter on Wednesday at midnight, to NIS 7.38 per liter.
The Kokhav Hayarden project was meant to be completed by 2023.
Telecommunications company Bezeq and Generation Capital are forming a joint venture to produce and supply electricity for homes and small businesses.
The layoffs include 550 in Israel with most of the dismissals at the company's headquarters in Herzliya.
The US investment giant has raised its holding in the Israeli solar energy company, which saw its share price slump 70% in 2023.
The prospects look promising for Nofar with interest rate cuts expected to boost the appetite for solar panel projects.
To ease the price increase, the Public Utilities Authority included in its calculations the funds that should be received later this year from the sale of the Eshkol power plant.
The Ministry of Finance budget division is not interested in funding discounts on gasoline as part of the 2024 budget.
The sovereign wealth fund is selling its Delek stake because its NewMed Energy unit's energy exploration deal with Morocco is in waters disputed with Western Sahara.
At the Israel Business Conference, Mathios Rigas praised Israel's energy policy, and said there was no point in keeping gas in the ground.
This is the latest blow to the solar energy technology company's stock, after a profit warning for the third quarter and weak guidance for the fourth.
The three justice Israel Supreme Court panel dismissed Chevron and Delek unit NewMed Energy's petition for a share in the offshore gas field.
Delek reported net profit of NIS 423 million after a net loss of NIS 404 million in the corresponding quarter of 2022.
A month ago, the Ministry of Energy ordered the shut down of the flow of gas from Tamar.
Dalia submitted a bid of NIS 9 billion, the only bid in the auction to buy the power station.