Another potentially massive gas field found in Israeli waters ~ Elder Of Ziyon

Sunday, January 17, 2016

Another potentially massive gas field found in Israeli waters

Haaretz reports:

An Israeli exploration group reported on Sunday it has discovered another large natural gas field off Israel's Mediterranean coast.

The group, led by Isramco Negev and Modiin Energy, said that a resource report showed there could be an estimated total of 8.9 trillion cubic feet of natural gas at the Daniel east and west fields.

Here is where the new field is:

Egypt has recently discovered a massive gas field off its shores, so the race is on to develop and export this gas. If the estimates on this field are true, then Israel's total gas reserves are close to Egypt's.

TOI had a decent backgrounder on the entire controversy over natural gas in Israel.