Israel Strikes It Rich

Tamar natural gas rig / AP

Natural gas began to flow into Israel over the weekend from a large offshore field, ending Israel’s status as a dry patch in an oil-rich region.

The flow came from the first of two enormous gas fields discovered off Israel’s coast in the past three years. The two fields, known as Tamar and Leviathan, are sufficient to supply Israel for 150 years, according to Bloomberg Business Week.

The Bank of Israel estimated that the flow this year from Tamar, the smaller of the two fields, would contribute one percent to Israel’s gross domestic product. Overall, the bank expects Israel’s economy to grow 3.8 percent this year.

More…

      
Plugin by: PHP Freelancer
This entry was posted in Editorial, Energy and tagged , , , , . Bookmark the permalink.
0 0 votes
Article Rating
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
The Willpower
11 years ago

Israel’s coast. You mean Palestine’s coast, realistically. So what percent will Palestine get?
75%?

The Willpower
11 years ago
Reply to  DRenegade

Israel & Palestine: The Maps Tell The True Story -- What Reall