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.
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.
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