ENERGY

The 8 BCM of offshore natural gas found by Energean will free up more gas for export.

Preliminary analysis indicates that the Athena discovery contains 8 BCM of recoverable gas.

Energean CEO Mathios Rigas: We look forward to delivering first gas from Karish, which remains on track for the third quarter this year.

Exceptionally strong demand in Europe boosted SolarEdge's quarterly revenue 62%, but higher component and freight costs eroded gross margins.

Geothermal power plant company Ormat beat analysts estimates for both revenue and earnings in the first quarter, but lowered its guidance for the year.

Israel seems in no rush to take advantage of the opportunity created by Europe's efforts to wean itself off Russian gas, says gas market expert Gina Cohen.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Saturday night by NIS 0.12 to NIS 7.06 per liter.

Dov Baharav has stepped down after three weeks over political intervention in new appointments.

The Israeli thermal energy storage company is traded on the TASE at a market cap of NIS 232 million.

The investment is part of StoreDot's Series D investment round of up to $80 million.

Hagag Group has bought 16.7% of Haifa oil refinery company Bazan from Israel Corporation, controlled by Idan Ofer, for NIS 555 million.

The new meters will enable private suppliers to compete in power distribution and offer variable tariffs.

The $1.1 billion acquisition will increase Ithaca's North Sea daily production capacity from 8,000-9,500 barrels of oil daily to 75,000-85,000.

Phoenix, which has a 9% stake in Shufersal, prefers to wait until a new CEO is appointed and all strategic alternatives are examined.

Via Egypt, Syria, Iraq or Turkey, or even directly: several possibilities are mooted for Israel to help wean Europe off Russian gas.

The gas station chain is offering a share swap for a 20% stake in Israel's largest supermarket chain.

The Finance Minister said that gasoline and diesel prices in Israel will fall by NIS 0.50 per liter with immediate effect.

Over the past three months gasoline prices in Israel have risen by NIS 1.07.

This compares with a net loss of NIS 1.82 billion in 2020.

With the EastMed underwater gas pipeline prohibitively expensive, Israel and the UAE are looking to sell gas to Europe via Turkey.

Real estate company Hagag Group has signed an MOU with Israel Corporation covering 16.69% of petrochemicals company Bazan.

The Israeli solar energy company will also give the underwriters the option to buy another 300,000 shares, so that the amount raised might grow by 15%.

The demonstration electric road will consist of 50 meters of dynamic in-road wireless charging hardware installed in Utah State University’s test track.

The European Union has, in record time, produced a plan for weaning itself off Russian energy supplies.

Following the Russian invasion of Ukraine and the rise in global oil prices, the maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise NIS 0.34 to NIS 7.05 per liter on March 1.

The charging points, mainly in gas stations, will deliver up to 180 kilowatts and add a range of 100 kilometers for electric vehicles, within a few minutes.

Delek Drilling CEO Yossi Abu said he received a personal letter from Morocco's King Mohamed, with an invitation to operate in the country.

The latest NSAI reserves reports raises the forecast for sales from the Leviathan reservoir in the coming years.

Encouraged by the Abraham Accords, Egypt's President Abdel Fattah Al-Sisi has taken a strategic decision to deepen ties with Israel.

The new route in addition to the existing Ashkelon-El Arish pipeline will increase gas exports to Egypt by more than 50%.