ENERGY

Over the past two weeks, Frenkel has bought Tamar Petroleum shares worth NIS 498 million with an option to sell half of them to Azerbaijan state energy company SOCAR.

Tenders for buying electricity from Noga - Israel Independent System Operator Ltd. will take place in January and July next year.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Tuesday at midnight October 1, 2025, by NIS 0.07 per liter.

Having sold shares to SOCAR earlier this year, Frenkel has now bought a 9% stake from Menora Mivtachim.

TeraLight will supply power to business customers via Doral to the tune of NIS 2.3-2.5 billion, while Cellcom Energy has signed agreements with four solar fields in the Western Galilee.

The MOU signed only a month ago on an NIS 8 billion deal may be cancelled, and IEC is looking to Leviathan as a possible alternative.

Egypt will invest in a pipeline to link up with the pipeline Israel is building to Nitzana, Saudi newspaper Asharq Business reports, after the huge $35 billion deal with Leviathan partners.

The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Sunday at midnight September 1, 2025, by NIS 0.09 per liter to NIS 7.16 per liter.

Almost 300,000 consumers are connected to private suppliers instead of the IEC but the new companies cannot buy sufficient cheap electricity.

Market sources say Minister of Finance Bezealel Smotrich withdraw his objections to the Kfar Saba power station after being told that its construction would not be at the expense of the Shomron Interchange.

Population growth, global warming, and above all failed management of local energy resources have made Egypt dependent on Israeli gas.

The biggest gas export deal ever signed in Israel, for 22% of the Leviathan field, will triple the amount of gas sold to Egypt.

Delek unit NewMed and its Romanian partner OMV have signed an $80 million deal with Noble for drilling in the Han Asparuh offshore block.

As Azerbaijan's gas begins to flow to Syria, its national energy company SOCAR sees Israel's pipeline infrastructure as one that could connect to Turkey via Syria.

The Reindeer power station due to be built near Kfar Saba, subject to cabinet approval, has encountered another obstacle.

The main reasons for the fall in price has been the strengthening of the shekel against the dollar by 1% over the past month and a 3% fall in the price of oil on world markets.

Adi Leviatan will replace cofounder Gilad Yavetz, who will become executive chairman.

Over the next decade, IEC will purchase gas from Tamar worth $8.2 billion - between 2 and 3 billion cubic meters (BCM) each year.

The shares have been acquired for NIS 1.1 billion by institutional investors including Clal Insurance, More Investment House, and Altshuler Shaham.

An EY study for the Ministry of Energy found 11 different, uncoordinated regulators were seriously delaying solar energy projects and impeding efforts to achieve renewable energy targets.

The new generation of charging stations can fully charge a vehicle battery in five minutes.

A decade after Israel’s natural gas plan divided the nation, a “Globes” investigation finds that gas reserves should generate at least NIS 300 billion for the state. But not everyone is satisfied.

Ashtrom, together with Mega Or and Har Tuv will plan and build the Shimshon power plant at an investment of $1 billion.

The Committee for the Preservation of Agricultural Land and Open Spaces will sanction only dual-use, agri-voltaic installations in the "granary of Israel."

Revenue of government companies crossed the NIS 100 billion threshold for the first time while Israel Electric Corp. reported the biggest profits by far.

Private producers will be allowed to sell electricity directly to private suppliers who will be able to offer bigger discounts to consumers.

The share price ended the week at $27.54, giving a market cap of $1.6 billion.

In the coming decade alone, the Citizens of Israel is expected to bring in between $19 and $23 billion.

Generous subsidies for rooftop solar panels means that all electricity consumers will receive higher electricity bills.

Contrary to some of the early volatile scenarios about a surge in the price of barrels of oil worldwide, the oil market has responded with relatively moderate spot increases.