Israel's Leviathan Field Begins Pumping Gas

An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off the coast of Haifa, Israel January 31, 2019. (Reuters)
An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off the coast of Haifa, Israel January 31, 2019. (Reuters)
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Israel's Leviathan Field Begins Pumping Gas

An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off the coast of Haifa, Israel January 31, 2019. (Reuters)
An aerial view shows the newly arrived foundation platform of Leviathan natural gas field, in the Mediterranean Sea, off the coast of Haifa, Israel January 31, 2019. (Reuters)

Israel's offshore Leviathan field started pumping gas on Tuesday in what the operating consortium called "a historic turning point in the history of the Israeli economy."

A joint statement from partners Noble Energy, Delek Drilling, and Ratio said that the start of production was expected to lead to an immediate reduction in domestic electricity prices and the start of exports.

On December 17, Israeli Energy Minister Yuval Steinitz announced approval of sales to Egypt from Leviathan and the smaller Tamar field.

A spokesman for Israeli partner Delek said then that deliveries to Egypt were expected to begin on January 1, reported AFP.

Leviathan was discovered 130 kilometers (81 miles) west of the Mediterranean port city Haifa in 2010.

It is estimated to hold 535 billion cubic meters (18.9 trillion cubic feet) of natural gas, along with 34.1 million barrels of condensate.

Delek and US-based Noble struck a $15 billion 10-year deal last year with Egypt's Dolphinus to supply 64 billion cubic meters (2.26 trillion cubic feet).

It will be the first time Egypt, which in 1979 became the first Arab country to sign a peace accord with Israel, imports gas from its neighbor.

Israel had previously bought gas from Egypt, but land sections of the pipeline were targeted multiple times by Sinai extremists in 2011 and 2012.

Tamar, which began production in 2013, has estimated reserves of up to 238 billion cubic meters (8.4 trillion cubic feet).

Israel's neighbor to the east, Jordan, has been purchasing gas from Tamar on a small scale for nearly three years.

Natural gas is set to replace coal as the main fuel for power generation in Israel.



Trump Says he’s Terminating Trade Talks with Canada over Tax on Tech Firms

Canadian Prime Minister Mark Carney speaks during a press conference during a NATO summit in The Hague, Netherlands June 25, 2025.  REUTERS/Toby Melville
Canadian Prime Minister Mark Carney speaks during a press conference during a NATO summit in The Hague, Netherlands June 25, 2025. REUTERS/Toby Melville
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Trump Says he’s Terminating Trade Talks with Canada over Tax on Tech Firms

Canadian Prime Minister Mark Carney speaks during a press conference during a NATO summit in The Hague, Netherlands June 25, 2025.  REUTERS/Toby Melville
Canadian Prime Minister Mark Carney speaks during a press conference during a NATO summit in The Hague, Netherlands June 25, 2025. REUTERS/Toby Melville

President Donald Trump said Friday that he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.”

Trump, in a post on his social media network, said Canada had just informed

the US that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The tax is set to go into effect Monday.

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period,” Trump said in his post.

Trump’s announcement was the latest swerve in the trade war he’s launched since taking office for a second term in January. Progress with Canada has been a roller coaster, starting with the US president poking at the nation’s northern neighbor and repeatedly suggesting it would be absorbed as a US state.

Canadian Prime Minister Mark Carney said Friday that his country would “continue to conduct these complex negotiations in the best interests of Canadians. It’s a negotiation.”

Trump later said he expects that Canada will remove the tax, The Associated Press reported.

“Economically we have such power over Canada. We’d rather not use it,” Trump said in the Oval Office. "It’s not going to work out well for Canada. They were foolish to do it.”

When asked if Canada could do anything to restart talks, he suggested Canada could remove the tax, predicted it will but said, “It doesn’t matter to me.”

Carney visited Trump in May at the White House, where he was polite but firm. Trump last week traveled to Canada for the G7 summit in Alberta, where Carney said that Canada and the US had set a 30-day deadline for trade talks.

The digital services tax will hit companies including Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It will apply retroactively, leaving US companies with a $2 billion US bill due at the end of the month.

“We appreciate the Administration’s decisive response to Canada’s discriminatory tax on U.S. digital exports,” Matt Schruers, chief executive of the Computer & Communications Industry Association, said in a statement.

Canada and the US have been discussing easing a series of steep tariffs Trump imposed on goods from America’s neighbor.

The Republican president earlier told reporters that the US was soon preparing to send letters to different countries, informing them of the new tariff rate his administration would impose on them.

Trump has imposed 50% tariffs on steel and aluminum as well as 25% tariffs on autos. He is also charging a 10% tax on imports from most countries, though he could raise rates on July 9, after the 90-day negotiating period he set would expire.

Canada and Mexico face separate tariffs of as much as 25% that Trump put into place under the auspices of stopping fentanyl smuggling, though some products are still protected under the 2020 US-Mexico-Canada Agreement signed during Trump’s first term.

Addressing reporters after a private meeting with Republican senators Friday, Treasury Secretary Scott Bessent declined to comment on news that Trump had ended trade talks with Canada.

“I was in the meeting,” Bessent said before moving on to the next question.
About 60% of US crude oil imports are from Canada, and 85% of US electricity imports as well.

Canada is also the largest foreign supplier of steel, aluminum and uranium to the US and has 34 critical minerals and metals that the Pentagon is eager to obtain.

About 80% of Canada’s exports go to the US.

Daniel Beland, a political science professor at McGill University in Montreal, said it is a domestic tax issue, but it has been a source of tensions between Canada and the United States for a while because it targets US tech giants.

“The Digital Services Tax Act was signed into law a year ago so the advent of this new tax has been known for a long time,” Beland said. "Yet, President Trump waited just before its implementation to create drama over it in the context of ongoing and highly uncertain trade negotiations between the two countries.”