Energy Matters-December 2013

Energy Matters
Energy Matters
December 2013

Gnrgy Ltd., an Israeli startup, will operate public charging spots for the country's electric cars. Read more

Israel Has Potential to Become Regional Energy Player

Israel has the potential to become a regional energy player, The Financial Times reported. Investors in Israel’s large Tamar and Leviathan natural gas fields are exploring export options, including building a pipeline to Turkey, Greece, Jordan, the West Bank, or Egypt. According to Delek Drilling’s chief executive Yossi Abu, neighboring countries could reduce their electricity tariffs between 40 and 50 percent by utilizing Israeli gas. “This is a win-win situation for Israel and neighboring countries,” Abu said.

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Israel, Italy Talk Natural Gas

Israel’s Energy and Water Minister Silvan Shalom met with Italian Economic Development Minister Flavio Zanonato to discuss future energy cooperation between the two nations, The Jerusalem Post reported. The two ministers talked of potentially using idle liquefaction facilities in Egypt to convert gas to liquid form before transferring it to Italy. “Italy is a true ally of Israel and a major player in the [energy] arena,” Shalom said.

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Israeli Natural Gas Field Contains More Than Expected

A small natural gas field in the Mediterranean Sea is expected to contain more gas than previously assessed, The Times of Israel reported. Past estimates have placed the Tamar Southwest field at about .7 million cubic feet. The exact amount has not been officially determined yet.

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Israel Showcases Sustainable Technologies

At last month’s Bloomberg-sponsored fuel choices summit in Tel Aviv, more than a dozen sustainable transportation vehicles were on display as part of Israel’s fuel choices initiative, The Guardian reported. The initiative, which hopes to ensure that 60 percent of Israel’s transportation fuels come from renewable sources by 2025, launched three years ago. The convention also showcased cutting-edge energy technologies Israel has developed in recent years.

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Israeli Startup Buys Electric Car Company

Gnrgy Ltd., an Israeli startup, will operate 1,800 public charging spots for Israel’s 1,000 electric cars, The Associated Press reported. The electric car infrastructure was part of the package when Gnrgy purchased Better Place, the bankrupt company that built the charging spots. Gnrgy will not sell cars, as Better Place did, but instead will solely operate the charging stations.

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