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Israel-Palestine-Jordan | |
More signs of gas found at offshore drilling site | |
2013-05-16 | |
Significant signs of natural gas were discovered Wednesday at the Karish 1 drilling platform, off the coast of Nahariya.
According to discoveries made at the site in recent months, the Karish deposit could contain as much as two trillion cubic feet of natural gas, about one-fourth of the amount of gas contained in Tamar. On Wednesday evening, Energy and Water Minister Silvan Shalom lauded the announcement as “praiseworthy,” adding that the discovery would help Israel develop its energy market and economy. “Increasing the supply of natural gas in the deposits will allow us to supply more natural gas to the local market and increase the natural revenue, which will be utilized by investing in education, welfare, health, the Negev and the Galilee, and the citizens of Israel.” The gas from Tamar is expected to help meet Israel’s energy needs for the next 20 years, and will save the economy some NIS 13 billion ($3.5 billion) per year. In addition to Tamar, in 2010 an even larger deposit, Leviathan — which boasts an estimated 16-18 trillion cubic feet of gas — was discovered 130 kilometers (81 miles) west of Haifa. It is expected to become operational in 2016, at which time Israel expects to begin exporting natural gas. | |
Posted by:Steve White |
#5 It gets better and better for the Israelis. The down side is it pretty much kills that old joke about the Juice wandering in the desert for 40 years before they found some place without any oil. |
Posted by: SteveS 2013-05-16 22:25 |
#4 Makes me wonder if the Palistinians KNEW THERE WAS OIL/GAS THERE. All considered, I'd say YES. |
Posted by: Redneck Jim 2013-05-16 11:38 |
#3 Assuming EU elites are sane, Dr White? Posted by: g(r)omgoru Well, the Europeans are "sane" enough not to put the money in Euro banks and investment schemes. The recent upturn in Wall Street is in some circles, being attributed to a corresponding upturn in European investment. I'm sure the recent Cyprus Banking deposit confiscation incident has had little impact on depositor decision making. [sarc off] |
Posted by: Besoeker 2013-05-16 09:55 |
#2 You got me there... |
Posted by: Steve White 2013-05-16 09:49 |
#1 Then we'll see how eager the Euros are to turn the whole area over to the Paleos. Assuming EU elites are sane, Dr White? |
Posted by: g(r)omgoru 2013-05-16 06:55 |