Photo: Drilling in the Dalit offshore field. Photo by: HaaretzIsrael 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 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.
2 comments:
If Israel encroaches on Lebanese territorial waters or its gas/oil fields....there will be a response and an outrage, otherwise, they get to keep what is theirs and Lebanon gets what is rightfully their property.
It makes no difference what Lebanon says. Lebanon considers Tel Aviv "occupied" so what's to stop them from making claims on Israel's "occupied" territorial waters? Israel will build. The losers will always screem from the peanut gallary.
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