In October, the partners leading the production of Israel’s Tamar gas field signed a new agreement to provide gas to two Jordanian companies: Jordan Bromine Company and Arab Potash Company. Valued at $200 million, the non-binding deal will go into effect in the first quarter of 2019 and can potentially continue until the end of 2032. The agreement is for up to 1 billion cubic meters (BCM). Israeli natural gas is a good alternative for Jordan, which has no energy resources itself.
Three major companies in the self-driving-car business announced that for the first time Level 4 autonomous vehicles could be deployed for ride-sharing in Israel as early as 2019, Israel21creported on Nov. 11. Volkswagen Group, Intel subsidiary Mobileye and Champion Motors announced the proposal, which was accepted, during the Smart Mobility Summit in Tel Aviv. Tests for the new venture will begin in early 2019 with full commercialization by 2022. “We firmly believe that self-driving electric vehicles will offer Israel and cities around the world safe, clean and emission-free mobility, which is accessible and convenient,” said Herbert Diess, CEO of the Volkswagen Group.
Israeli agritech startup CropX is one of the world’s most advanced adaptive irrigation services, according to an Oct. 15 No Camels report on the company. Founded in 2014, CropX offers an integrated hardware and software system that measures soil moisture, temperature and electrical conductivity and sends that data to the cloud where it can be accessed from any mobile or fixed device, helping to boost agricultural output. In the United States, CropX has helped address drought and water shortage in states like California and Arizona by providing farming solutions for corn, potatoes, wheat and other crops.
On Nov. 24, Greece, Italy and Cyprus struck up a preliminary agreement with Israel to construct an underwater pipeline that would supply gas from the Eastern Mediterranean to Europe. The world’s deepest and longest underwater gas pipeline is expected to cost more than $7 billion, connecting Israel’s gas reserves to the three European nations, helping the continent diversify its energy resources. “The agreement that we have drawn up will enable Israel to become an energy supplier to Europe, and that has both economic and political importance. This will be the first time ever that Israel has joined with the EU on any major infrastructure project,” said Israel’s Energy Minister Yuval Steinitz. The final deal should be signed in February 2019.
On Nov. 27, Israel launched its second Offshore Bidding Round (OBR 2018) for licenses to explore Israel’s economic waters in the Eastern Mediterranean for natural gas and oil. “Today we are launching a new and improved bid round for exploration of natural gas and oil fields in Israel’s economic waters,” said Israeli Energy Minister Yuval Steinitz. “The fact that Israel has become a gas exporter to Jordan and Egypt, alongside completion of the agreement to build an Israeli-European gas pipeline, creates a more attractive environment for international energy companies.” OBR 2018 offers several benefits that were not available in the first bid round in 2016, including a three-times-larger zone size and new commercialization opportunities.
Type: Energy Matters