Latest news with #energyExports
Arab News
18-06-2025
- Business
- Arab News
Israel to resume natural gas exports when military deems it's safe, energy minister says
TEL AVIV: Israel will resume its natural gas exports when the country's military believes it would be safe to do so, Israel's Energy Minister Eli Cohen said on Wednesday, as an air battle between Israel and Iran entered its sixth day. Two of Israel's three gas fields — Chevron-operated Leviathan and Energean's Karish — off its Mediterranean coast that provide the bulk of exports to Egypt and Jordan, have been shut since June 13 amid the conflict between Israel and Iran. That leaves in operation only the older Tamar field, used mainly for domestic supplies. Cohen said he has been in contact with Egypt and Jordan about the cut in supplies. 'They can see that we are in a war. I don't want to use our strategic storage, so therefore, I needed to cut exports,' Cohen told Reuters after a news briefing. 'I hope I will be able to use another rig as soon as possible and use it for the supply of gas (exports). For me, the most important thing is (supplying) Israel,' he said, alluding to fueling needs during the conflict with Iran. It wasn't clear when another gas field will be reopened, Cohen said, noting: 'We are working with them [the military], the Navy, and right now their recommendation is that one (field) will continue to work and two will be shut down.' Israeli gas accounts for about 15-20 percent of Egypt's consumption, data from the Joint Organizations Data Initiative (JODI) shows. The disruption to Israel's gas supply led Egyptian fertilizer producers to halt operations on Friday. Israel launched the air war on Iran on Friday after concluding the latter was on the verge of developing a nuclear weapon. Iran maintains its nuclear program is purely for civilian purposes. OTHER ENERGY SOURCES Israel's energy sector, Cohen said, was operating normally, with no shortages expected since the country also maintains reserves in coal, diesel and renewable energy. Israel's Oil Refineries in Haifa was hit by an Iranian missile this week, which killed three people and halted operations. Cohen said he hoped the facility would resume operations within a month, though a second refinery in the south remains open. Since Friday, the percentage of renewable, or solar, energy used in electricity production has more than doubled to some 40 percent, Cohen said. There was also some damage to wastewater treatment facilities and pipelines from Iranian air strikes. Cohen acknowledged that victory against Iran could take weeks but Israel's energy demands could be met. 'Although the Iranians struck some of our plants, we have very strong energy facilities that can supply all the energy demands for Israeli citizens and the army, in fuel, gas, electricity and water.'
Al Arabiya
18-06-2025
- Business
- Al Arabiya
Israel to resume natural gas exports when military deems it's safe, energy minister says
Israel will resume its natural gas exports when the country's military believes it would be safe to do so, Israel's Energy Ministry Eli Cohen said on Wednesday, as an air battle between Israel and Iran entered its sixth day. Two of Israel's three gas fields - Chevron-operated Leviathan and Energean's Karish - off its Mediterranean coast that provide the bulk of exports to Egypt and Jordan, have been shut since June 13 amid the conflict between Israel and Iran. That leaves in operation only the older Tamar field, used mainly for domestic supplies. Cohen said he has been in contact with Egypt and Jordan about the cut in supplies. 'They can see that we are in a war. I don't want to use our strategic storage, so therefore, I needed to cut exports,' Cohen told Reuters after a news briefing. 'I hope I will be able to use another rig as soon as possible and use it for the supply of gas (exports). For me, the most important thing is (supplying) Israel,' he said, alluding to fueling needs during the conflict with Iran. It wasn't clear when another gas field will be reopened, Cohen said, noting: 'We are working with them [the military], the Navy, and right now their recommendation is that one (field) will continue to work and two will be shut down.' Israeli gas accounts for about 15-20 percent of Egypt's consumption, data from the Joint Organizations Data Initiative (JODI) shows. The disruption to Israel's gas supply led Egyptian fertilizer producers to halt operations on Friday. Israel launched the air war on Iran on Friday after concluding the latter was on the verge of developing a nuclear weapon. Iran maintains its nuclear program is purely for civilian purposes. Other energy sources Israel's energy sector, Cohen said, was operating normally, with no shortages expected since the country also maintains reserves in coal, diesel and renewable energy. Israel's Oil Refineries in Haifa was hit by an Iranian missile this week, which killed three people and halted operations. Cohen said he hoped the facility would resume operations within a month, though a second refinery in the south remains open. Since Friday, the percentage of renewable, or solar, energy used in electricity production has more than doubled to some 40 percent, Cohen said. There was also some damage to wastewater treatment facilities and pipelines from Iranian air strikes. Cohen acknowledged that victory against Iran could take weeks but Israel's energy demands could be met. 'Although the Iranians struck some of our plants, we have very strong energy facilities that can supply all the energy demands for Israeli citizens and the army, in fuel, gas, electricity and water.'
Reuters
18-06-2025
- Business
- Reuters
Israel to resume natural gas exports when military deems it's safe, energy minister says
TEL AVIV, June 18 (Reuters) - Israel will resume its natural gas exports when the country's military believes it would be safe to do so, Israel's Energy Ministry Eli Cohen said on Wednesday, as an air battle between Israel and Iran entered its sixth day. Two of Israel's three gas fields - Chevron-operated Leviathan and Energean's Karish - off its Mediterranean coast that provide the bulk of exports to Egypt and Jordan, have been shut since June 13 amid the conflict between Israel and Iran. That leaves in operation only the older Tamar field, used mainly for domestic supplies. Cohen said he has been in contact with Egpyt and Jordan about the cut in supplies. "They can see that we are in a war. I don't want to use our strategic storage, so therefore, I needed to cut exports," Cohen told Reuters after a news briefing. "I hope I will be able to use another rig as soon as possible and use it for the supply of gas (exports). For me, the most important thing is (supplying) Israel," he said, alluding to fueling needs during the conflict with Iran. It wasn't clear when another gas field will be reopened, Cohen said, noting: "We are working with them [the military], the Navy, and right now their recommendation is that one (field) will continue to work and two will be shut down." Israeli gas accounts for about 15-20% of Egypt's consumption, data from the Joint Organisations Data Initiative (JODI) shows. The disruption to Israel's gas supply led Egyptian fertilizer producers to halt operations on Friday. Israel launched the air war on Iran on Friday after concluding the latter was on the verge of developing a nuclear weapon. Iran maintains its nuclear programme is purely for civilian purposes. Israel's energy sector, Cohen said, was operating normally, with no shortages expected since the country also maintains reserves in coal, diesel and renewable energy. Israel's Oil Refineries ( opens new tab in Haifa was hit by an Iranian missile this week, which killed three people and halted operations. Cohen said he hoped the facility would resume operations within a month, though a second refinery in the south remains open. Since Friday, the percentage of renewable, or solar, energy used in electricity production has more than doubled to some 40%, Cohen said. There was also some damage to wastewater treatment facilities and pipelines from Iranian air strikes. Cohen acknowledged that victory against Iran could take weeks but Israel's energy demands could be met. "Although the Iranians struck some of our plants, we have very strong energy facilities that can supply all the energy demands for Israeli citizens and the army, in fuel, gas, electricity and water."
South China Morning Post
13-06-2025
- Business
- South China Morning Post
How China is driving a surge in shipping traffic along Arctic sea routes
Chinese companies are showing growing interest in shipping goods to the West via the Northern Sea Route – an icy Arctic passage that opens up each summer – according to Rosatom, the Russian company that operates infrastructure along the route. The firm anticipates a significant uptick in voyages by Chinese companies along the NSR during the coming summer-autumn shipping season, and is adding more nuclear-powered icebreakers to its fleet to handle the growing traffic flow. Cargo traffic on the NSR – the shortest shipping link between the Asia-Pacific region and western Eurasia – is steadily increasing, Rosatom told the Post via email. In 2024, a record 92 transit voyages were completed, carrying more than 3 million tonnes of cargo. 'In 2025, companies from China plan to make at least one and a half times more trips along the NSR than last year,' Rosatom said, though it did not provide specific numbers for Chinese companies' voyages. Cargo data showed that Russia's energy exports to China currently dominate transit shipping along the NSR, with 95 per cent of all transit shipments moving from Russia to China in 2024, according to the Centre for High North Logistics, an Arctic transport institute affiliated with Norway's Nord University. Crude oil remained the main cargo, accounting for 1.89 million tonnes of goods shipped along the route last year. Bulk commodities such as iron ore, coal and fertiliser made up the second-largest cargo source, with 877,000 tonnes.
Bloomberg
05-06-2025
- Business
- Bloomberg
Trump Seeks to Boost Energy Exports in Talks With Merz on Trade
US President Donald Trump said he would discuss a potential trade deal with the European Union with visiting German Chancellor Friedrich Merz, adding that he hoped to use an agreement to boost US energy exports. 'We'll have a good trade deal. I mean, I guess that will be mostly determined by the European Union, but you're a very big part of that,' Trump said as he welcomed the leader of Europe's largest economy to the White House on Thursday.
