The rights will be purchased from the drilling operator, a partner in the enterprise.
Ratio Petroleum engages in oil and gas exploration in Guyana, Malta, the Philippines, and Ireland.
The prospectus shows that of the power stations owned by the Idan Ofer controlled company in 11 countries, the OPC plant in the Negev is easily the most profitable.
The Energy Ministry director general will meet counterparts from Italy, Greece, and Cyprus to discuss a gas pipeline from the Leviathan reservoir.
The Israeli company saved hundreds of thousands or millions of euros for the Italian firm.
Payment for the land will be considered lease fees capitalized over the entire lease period.
The sides have signed a letter of intent covering the supply of 14.8 BCM of gas over 17 years.
Egyptian Minister of Petroleum Tarek el-Molla's statement is a major blow to potential Israeli gas exports to Egypt.
Shikun & Binui Renewable Energy CEO Yaron Szilas explains his belief in business that contributes to the developing world.