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Energean CEO Mathios Rigas Credit: Energean New gas discovery should boost Israel's exports

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

Leviathan platform  credit: PR Energean reports significant Israel gas find

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

Hagit power station Yokneam Credit: Eyal Izhar Energean signs $2b gas deal with East Hagit power plant

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

Zvi Lando  credit: Eyal Izhar Major growth but supply chain problems hit SolarEdge profit

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

Doron Blachar  credit: PR Ormat dips after co trims revenue guidance

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

Leviathan rig Credit: Albatross EU gas crisis could be NIS 100b bonanza for Israel

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.

Gasoline pumps in Israel Photo: Tamar Matsafi Gasoline prices to rise back above NIS 7 per liter

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 Credit: Israel Electric Corp. New Israel Electric chairman quits, slams political intervention

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

Avi Brenmiller Credit: Brenmiller Energy Brenmiller Energy files for Nasdaq IPO

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

Dr. Doron Myersdorf Credit: Yonatan Bloom Volvo invests in fast-charge EV battery co StoreDot

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

Eido and Yitzhak Hagag credit: Shay Tamir Hagag Group completes Bazan purchase from Israel Corp

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

Electricity pylons  credit: Shutterstock IEC to install one million smart meters

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

Ithaca drilling rig Photo: Company website Delek buys Siccar Point to expand North Sea production

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.

Shufersal  credit: Eyal Izhar Phoenix objects to Delek Israel - Shufersal merger

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

Karine Elharrar  credit: Israel Democracy Institute How Israeli gas could reach Europe

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

Shufersal Photo: Sivan Faraj Delek Israel proposes merger with Shufersal

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

Minister of Finance Avigdor Liberman Photo: Yossi Zamir Liberman cuts excise tax on fuel

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

Gasoline Photo: Shutterstock Gasoline prices in Israel to rise sharply Thu night

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

Yitzhak Tshuva  credit: Tamar Matsafi Delek Group's year of recovery ends on NIS 1.43b profit

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

Gas pipeline under construction in Turkey Photo: Shutterstock Israel-Turkey thaw boosts gas pipeline plans

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

Brothers Eido and Yitzhak (Zahi)  Hagag  credit: Tal Cicurel Hagag Group set to buy Bazan stake from Israel Corporation

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

SolarEdge panels Photo: Company website SolarEdge files to raise over $600m on Nasdaq

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%.

Electreon Image: Company website Electreon Wireless to install electric road in Utah

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

Gas pipeline Photo: Shutterstock INSAGO Israeli gas could help supply EU

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

Delek Photo: Einat Lavron Gasoline prices in Israel to hit 8-year high Mon night

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.

Paz to set up Israeli fast EV charging network

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.

Yitzhak Tshuva and Yossi Abu launch NewMed Photo: Shlomi Yosef Delek in talks for Morocco energy exploration licenses

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

Leviathan platform  credit: PR Sales from Leviathan gas reservoir in 2021: $1.95b

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

Prime Minister Naftali Bennett and Presdient Abdel Fatah Al-Sisi meet in Sharm El-Sheikh  credit: GPO, Kobi Gideon Latest gas deal reflects warmer Israel-Egypt ties

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

Gas pipeline Photo: Shutterstock INSAGO Israel to begin exporting gas to Egypt via Jordan

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

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