website statistics
Quantcast

Massive deepwater natural gas field found off coast of Israel

image_pdfimage_print

A US-based oil and gas firm has “confirmed the discovery of a huge offshore gas field called Leviathan, 130km off the coast of the Mediterranean port of Haifa”.

Texas-based Noble Energy has been drilling in the area with Israeli partner Delek Energy, in Tamar.
Leviathan is estimated to have 450 billion cubic meters of gas and there is talk of geopolitical implications because Israel has always been dependent upon imports for energy needs.

Experts pointed to a world glut in natural gas that may exclude Israel from becoming an exporter but a steady supply of natural gas maintaining stable pricing would have a an impact on trade in the area and allow for the development of non energy related natural gas products.

Print Friendly

About magix

Avatar of magix When my oldest son, a Marine, left for war and crossed the border from Kuwait into Iraq in March 2003 I started writing my conscience. After two tours that young combat veteran’s mother is now an ardent peace activist and advocate for social, environmental and economic justice. MGx has matured since those early vents and ramblings and now covers relevant and important local and regional matters in addition to national and global affairs.

Connect

Follow on Twitter View all Posts


Leave a Reply

Your email address will not be published.