Posted on 03/28/2016 2:48:14 PM PDT by bananaman22
The massive Leviathan gas field was discovered in Israel’s offshore Levant Basin over six years ago, and while it theoretically puts Israel on the global energy map for the first time and could change the geopolitical dynamics of the entire Middle East, the Israelis themselves seem to be doing everything in their power to keep it from coming online. Its owners—U.S.-based Noble Energy and Israeli partner Delek Group—along with their shareholders are probably wondering if gas is ever going to come out of this giant of giants.
At stake is a massive gas field worth $5-$6 billion and believed to contain some 22 trillion cubic feet of gas, slated to begin extraction by 2019.
(Excerpt) Read more at oilprice.com ...
5 or 6 billion?
That’s chump change...WTF
The two Israeli kids that created WhatSapp sold it for 3 times that amount.
Why even bother if it’s only max 6 billion in value...
Must be a mistake in the reported value...
Stability clause struck down. You call that stable?
It reminds me a little of promises the government made to Indians. The promises were, uh, struck down.
That’s only 2.5 cents per 100 cubic feet. My bill is about 35¢ and that’s a lot cheaper than it used to be. I think someone must have lost or added a zero.
I think you are right. Even if they sold 22 trillion cu ft. for the going US industrial price, that's over $74 Billion
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