Exploration Group Finds Potentially Huge Natural Gas Discovery in Israel

Jan. 18, 2016 02:58PM PST

Haaretz reported that an Israeli exploration group may have found a potentially large natural gas field off of the country’s Mediterranean coast.

Haaretz reported that an Israeli exploration group may have found a potentially large natural gas field off of the country’s Mediterranean coast.
As quoted in the publication:

The group, led by Isramco Negev and Modiin Energy, said a geological report showed there could be 8.9 trillion cubic feet of natural gas at the Daniel East and Daniel West, close to Gaza’s waters.
That would make it nearly as big as Tamar field, which is Israel’s biggest now in production and contains about 9.9 trillion cubic feet of gas. However, the new discoveries are only a third the size of the Leviathan field, which is still awaiting development and contains about 22.9 trillion cubic feet.

Click here for the full press release.