Israel May Join Gas Exporting Nations With Leviathan Discovery -- Bloomberg
June 4 (Bloomberg) -- Israel is on the path to exporting energy for the first time in its 62-year history after Noble Energy Inc. and partners said their offshore discoveries in the country may hold twice as much natural gas as the U.K.
Noble, the Houston-based operator of the Leviathan block, said yesterday the area may have 16 trillion cubic feet of gas, as it also raised its estimate for the nearby Tamar field to 8.4 trillion cubic feet. Noble said all its areas in the eastern Mediterranean may hold as much as 30 trillion cubic feet.
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More News On Israel's Natural Gas Discovery And Reaction To It
A geopolitical game changer -- Haaretz
Israel
Noble, the Houston-based operator of the Leviathan block, said yesterday the area may have 16 trillion cubic feet of gas, as it also raised its estimate for the nearby Tamar field to 8.4 trillion cubic feet. Noble said all its areas in the eastern Mediterranean may hold as much as 30 trillion cubic feet.
Read more ....
A geopolitical game changer -- Haaretz
Israel to Become a Natural Gas Exporting Country Soon -- Associated Content
Hezbollah: Offshore gas is Lebanese -- Haaretz
Hizbullah: Israel's gas belongs to us -- Globes Online
My Comment: Expect even more "outrage" from Hezbollah and their allies if oil is discovered beneath these gas fields. At $75 US a barrel, even a few hundred million barrels of oil could be worth tens of billions of dollars.
Read more ....
More News On Israel's Natural Gas Discovery And Reaction To It
A geopolitical game changer -- Haaretz
Israel to Become a Natural Gas Exporting Country Soon -- Associated Content
Hezbollah: Offshore gas is Lebanese -- Haaretz
Hizbullah: Israel's gas belongs to us -- Globes Online
My Comment: Expect even more "outrage" from Hezbollah and their allies if oil is discovered beneath these gas fields. At $75 US a barrel, even a few hundred million barrels of oil could be worth tens of billions of dollars.