NATURAL GAS FIND COULD SUPPLY ISRAEL’S NEEDS FOR 20 YEARS
July 1st, 2009
BY HELENA FLUSFEDER
A US-ISRAELI consortium has found a natural gas reservoir 90 kilometers offshore from the coastal city of Haifa, which could meet much of Israel's natural gas needs for more than 20 years. This would reduce the country's dependence on gas imports from countries such as Egypt with whom Israel has tricky, if peaceful relations. The five-company consortium, made up of Noble Energy (36%), Avner Oil Exploration and Delek Drilling (31.3%), Isramco (28.7%) and Dor Exploration (4%), have been granted an exploration licence, and embarked on a venture ...
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