Energean to supply gas to Israeli power station
JERUSALEM (Reuters) – Greece’s Energean said on Sunday it signed contracts to supply up to 23 billion cubic meters of natural gas to private Israeli power stations from the Tanin and Karish gas fields off the coast of Israel. The deals were signed with Dalia Power, which operates Israel’s largest private power station, and Or Power, which is planning to build new power plants, Energean said
New pensions have been issued at an exceptionally slow rate since the start of the year although there is a specific timetable for their payment. An estimated 315,000 applications remain pending, concerning main and supplementary pensions and retirement lump sums. in a statement. Financial details of the deals were not disclosed. Energean, a private exploration and production company in the Eastern Mediterranean, bought the Karish and Tanin licenses from Israel’s Delek Group in December 2016 for an upfront cost of $40 million and $108.5 million in contingent payments. Delek and its partner Noble Energy, which together control two huge gas fields nearby, were until now the only group to sign gas supply deals in Israel. The Israeli government had forced them to sell the smaller Tanin and Karish fields to open the market. “The agreement is a substantial step towards bringing competition and cheaper energy to the market for the benefit of Israeli consumers and the country’s economy," said Energean CEO Mathios Rigas. The company expects to begin production in 2020. beat its official growth forecast of 5.2 percent this year and will press ahead with tax cuts in 2018, Finance Minister Viorel Stefan said. The planned cuts have raised concerns with the European Commission and the International Monetary Fund, but Stefan said that budget costs would be mitigated by a higher tax pool. He said Romania would also meet its budget deficit target of 3.0 percent of gross domestic product this year. “We will certainly introduce from January 2018 the fiscal relaxation measures mentioned in the governing program,” Stefan said in an interview for the Reuters Central & Eastern Europe Investment Summit. “Taxation levels will fall.” Parliament is also on the brink of approving a multi-year public sector wage bill, which would more than double healthcare workers’ gross wages, boost teachers’ pay by 50 percent and other public salaries by lower double digits.