360° Coverage : Israel mulls $853 mn budget to procure missile boats

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Israel mulls $853 mn budget to procure missile boats

Dec 8 2013, 8:26pm CST | by IANS

Jerusalem, Dec 9 (IANS) Israeli defence ministry is seeking a special budget of $853 million to procure four missile boats for protecting the country's offshore natural gas fields, a media report said Sunday.

Jerusalem, Dec 9 — Israeli defence ministry is seeking a special budget of $853 million to procure four missile boats for protecting the country's offshore natural gas fields, a media report said...

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49 weeks ago

Israel mulls $853 mn budget to procure missile boats

Dec 8 2013, 8:26pm CST | by IANS

Jerusalem, Dec 9 (IANS) Israeli defence ministry is seeking a special budget of $853 million to procure four missile boats for protecting the country's offshore natural gas fields, a media report said Sunday.

Jerusalem, Dec 9 — Israeli defence ministry is seeking a special budget of $853 million to procure four missile boats for protecting the country's offshore natural gas fields, a media report said Sunday.

The report, which cited unnamed defence officials, the funds may be defined as a "special expenditure" excluded from the annual defence budget that earlier this year was slashed by more than $1 billion, Xinhua reported citing Ha'aretz daily.

The figure comes after German daily Bild Saturday reported that Berlin gave a go ahead to sell Israel two advanced gunboats armed with torpedoes in a 1 billion euros (about $1.37 billion) deal negotiated in recent months.

Israel's national security adviser Yossi Cohen was in Berlin last week to discuss the deal, a German government spokeswoman confirmed.

While the fields are owned and operated by private companies, Israeli Prime Minister Benjamin Netanyahu's security cabinet in 2011 tasked the navy with protecting the Tamar, Leviathan and Yam Tethys drilling rigs, as well as five smaller contiguous fields located some 370 km offshore, within Israel's exclusive economic zone.

The natural gas reservoirs, reportedly the largest discovered in the world in last decade, are slated to turn Israel into a major exporter and reduce its dependency on foreign energy sources.

The navy, however, has complained that it is severely underequipped for the mission, prompting Defence Minister Moshe Ya 'alon and military chief Benny Gantz to approve the navy's protection plan for the fields, considered a prime target for militant groups, mainly Lebanon's Hezbollah which has threatened to attack the platforms.

IANS

Source: IANS

 
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7 weeks ago

Clean Energy Conferences Roundup: October 2014

Oct 1 2014 9:20am CDT | Source: Environmental Defense Fund

By EDF BlogsEach month, the Energy Exchange rounds up a list of top clean energy conferences around the country. Our list includes conferences at which experts from the EDF Clean Energy Program will be speaking, plus additional events that we think our readers may benefit from marking on their calendars. Top clean energy conferences featuring EDF experts in October: Oct 2: 2014 Energy Competition Symposium, Columbus, OH Speaker: Cheryl Robert ...
Source: Environmental Defense Fund   Full article at: Environmental Defense Fund
 

 
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7 weeks ago

China Leapfrogs Ahead Into the Green Industrial Revolution

Sep 29 2014 3:35pm CDT | Source: Politics - The Huffington Post

The New Financial Approach China now leads Asia as it has combined its societal (environmental, health, climate and natural resources etc.) concerns with capitalism into "social capitalism." Economics can be a science only when it becomes qualitative as well as quantitative. For example, consider some conventional English economic terms that are now being pushed on the China government when ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

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