Oil and Gas Trade Mission to Israel Companies Into Israel for Continued Gas the Organization for Economic Co- Exploration, and Its Eventual Export

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Oil and Gas Trade Mission to Israel Companies Into Israel for Continued Gas the Organization for Economic Co- Exploration, and Its Eventual Export 21748 Federal Register / Vol. 77, No. 70 / Wednesday, April 11, 2012 / Notices Dated: April 4, 2012. The mission will visit Tel Aviv and Leviathan fields. These fields may have Paul Piquado, Jerusalem, and will include a visit to a the capacity to support Israel’s domestic Assistant Secretary for Import to-be-determined site (e.g., port or gas consumption with reserves left for Administration. company office). Mission participants exports, and related platform chemicals. will attend the 2012 Israel Energy and The U.S. Geological Survey estimates Appendix—List of Comments and Business Convention. Held for the 10th that there are 122 TCF of recoverable gas Issues in the Issues and Decision consecutive year, by Eco Energy and in the region, most of it in Israeli Memorandum Tachlit Conferences, this is Israel’s waters.1 In March 2012, another General Issues major energy forum. The convention offshore discovery was made by Modiin 1. Legal Authority to Apply the CVD Law assembles representatives of companies and Adira Energy northwest of Tel Aviv, to the PRC. and senior Israeli and foreign policy with an estimated 1.8 TCF of natural gas 2. Whether the Final Results Must Account makers, bringing them together with the as well as oil.2 for the Imposition of Double Remedies. Israeli financial and business Israel’s offshore natural gas reserves 3. Whether the Department’s Investigation community. are estimated around 30 trillion cubic of the Provision of Wire Rod and Steel Strip The mission will help participating feet, however further exploration is for LTAR Met the Initiation Standard. firms gain market insights, make needed. The Ministry of Energy and 4. Whether Application of AFA for the industry contacts, solidify business Water Resources’ (MEWR) Petroleum Wire Rod and Steel Strip LTAR Programs Is Supported by the Record and Consistent with strategies, and advance specific projects, Unit and Petroleum Council are U.S. International Obligations. with the goal of increasing U.S. exports responsible for issuing petroleum 5. Benchmark Used for Wire Rod. to Israel. The mission will include one- prospecting licenses in Israel. After the on-one business appointments with pre- Tamar and Leviathan discoveries, Company-Specific Issues screened potential buyers, agents, numerous licenses to initiate petroleum 6. Whether CVDs Should Apply to distributors and joint venture partners; prospecting were granted. According to Wireking’s Purchases of Steel Strip, Which is meetings with government officials; and the Petroleum Law, license owners must Not Consumed in the Production of the high-level networking events. begin petroleum prospecting within 4 Subject Merchandise. 7. Whether Cash Deposit and Liquidation Participating in an official U.S. industry months of license issuance, commence Should Reflect Names and Translations of delegation, rather than traveling to Israel drilling operations no later than two Names Used by NKS for Exportation of on their own, will enhance the years following license issuance, and Goods to the United States. companies’ ability to secure meetings in the interval between the drilling of one 8. Whether the Department Should Have Israel. well and another cannot exceed 4 Found NKS Received a Subsidy from City Commercial Setting months. Consequently, it is likely that Maintenance and Construction Taxes and various drilling operations will Education Fee Surcharges/ The United States is Israel’s largest commence in 2012. Because Israel does [FR Doc. 2012–8727 Filed 4–10–12; 8:45 am] single country trade partner. Since the not yet have the physical infrastructure BILLING CODE 3510–DS–P U.S.-Israel Free Trade Agreement and technical workforce to support this entered into force in 1985, U.S.-Israel fast growing industry, local companies trade has grown nine-fold. Since 1995 are eager to team up with U.S. DEPARTMENT OF COMMERCE nearly all trade tariffs between the U.S. companies. Finally, Minister of Energy and Israel have been eliminated. Exports and Water Resources, Uzi Landau is International Trade Administration of U.S. goods to Israel in 2010 were $6.7 committed to bringing foreign billion. In September 2010, Israel joined Oil and Gas Trade Mission to Israel companies into Israel for continued gas the Organization for Economic Co- exploration, and its eventual export. AGENCY: International Trade operation and Development. The Committee on Energy Policy, Administration, Department of Israel has an advanced market recommends setting aside 50 percent of Commerce. economy. As of 2010, Israel has the 24th the Tamar and Leviathan gas resources ACTION: Notice. largest economy in the world. for export. Final decisions on exports Historically poor in natural resources, will be made in the coming months. All Mission Description Israel depends on imports of petroleum, natural gas export facilities will be coal, natural gas and production inputs, located in areas under Israeli control. The United States Department of though the country’s nearly total Opportunities exist for prospectors, Commerce (DOC), International Trade reliance on energy imports will likely operators, pipeline construction, Administration (ITA), U.S. and Foreign change with recent discoveries of large logistical services and ship Commercial Service (CS), is organizing natural gas reserves off its coast. manufacturers. Technical training an Executive-led Oil and Gas Trade In accordance with the OECD’s Green services are required to build a Mission to Israel, October 27–October Growth Declaration of 2009, the workforce and there are opportunities 31, 2012. This mission is designed to be Government of Israel formed a Green for academic cooperation with local led by a Senior Commerce Department Growth Round Table to bring about universities and colleges. official. The purpose of the mission is regulatory, budgetary and to introduce U.S. firms to Israel’s environmental policy changes between Oil rapidly expanding oil and gas market 2012 and 2020. Therefore, there may be In March 2010, the U.S. Geological and to assist U.S. companies pursuing sub-sector opportunities in Survey reported that there is an export opportunities in this sector. The environmental protection and pollution mission to Israel is intended to include treatment, for onshore and offshore 1 US Geological Survey. Assessment of representatives from leading U.S. activities. Undiscovered Oil and Gas Resources of the Levant companies that provide services to oil Basin Province. <http://pubs.usgs.gov/fs/2010/ and gas facilities, from design and Natural Gas 3014/pdf/FS10-3014.pdf>. 2 ‘‘Oil and Gas Found at Gabriella, Yitzhak construction through to project In 2009 and 2010, the greatest natural Licenses.’’ Globes Israel Business News. 13 Mar. implementation, maintenance of gas discoveries of the decade were made 2012. <http://www.globes.co.il/serveen/globes/ facilities, and environmental protection. off the coast of Israel: The Tamar and docview.asp?did=1000732741>. VerDate Mar<15>2010 15:14 Apr 10, 2012 Jkt 226001 PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 E:\FR\FM\11APN1.SGM 11APN1 wreier-aviles on DSK5TPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 70 / Wednesday, April 11, 2012 / Notices 21749 estimated 1.7 billion barrels of Mission Goals and Cyprus. Networking events will 3 recoverable oil in Israel. The World The mission will help U.S. companies provide mission participants with Energy Council estimates Israel’s shale increase their export potential to Israel further opportunities to speak with local deposits could ultimately yield as many business and government 4 by identifying profitable opportunities as 250 billion barrels of oil. In May in Israel’s natural gas and oil market. As representatives, as well as with business 2011, the Russian energy company Inter such, the mission will focus on helping executives of major U.S. companies RAO announced that it had received a U.S. companies obtain market already established in Israel. license to develop oil shale resources in information, establish business and The mission will begin in Tel Aviv, the Negev desert. In March 2012, government contacts, solidify business where participants will receive market another offshore discovery was made by strategies, and/or advance specific briefings and learn about doing business Modiin and Adira Energy northwest of projects. in Israel. Next, the delegates will Tel Aviv, with an estimated 128 million participate in the Israel Energy and 5 The mission’s goals include: barrels of oil, as well as natural gas. • Facilitating first-hand market Business Convention 2012, Israel’s The Meged Field may also contain exposure and access to government major energy forum. Here the significant oil reserves. In June 2011, decision makers and key private-sector participants will be able to learn about Israeli oil exploration company, Givot industry contacts, including potential the market, meet with potential Olam, announced that its test trading partners; customers and network with all relevant production site, Meged 5, was • Promoting the U.S. energy industry players from the public and private producing 800 barrels a day. According by connecting representatives of U.S. sector. The convention will include to a report by the international companies with potential trading plenary sessions, panel discussions, consultancy Baker Hughes, Givot Olam partners; lectures, investment advice and will develop Meged 6 and Meged 7 and • Helping companies gain valuable exhibitions. Commercial Service Tel perform well stimulation for all its international business experience in the Aviv will arrange one-on-one business drillings; in the next stage the company rapidly growing energy industry; and, meetings with potential buyers and will drill up to 40 wells throughout the • partners for all trade mission 6 Helping U.S. companies strengthen Meged field. In February 2012, MEWR their engagement in the worldwide participants. approved continued production at marketplace, leading to increased Next, the delegation will be led on a Meged 5, and development of Meged 6– exports and job creation. site visit. Probable site visits include 14 drillings.7 Ashdod Port and Noble Energy offices.
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