So you sought...and found... planet X?
How deep?
In many ways, natural gas will become more important than crude oil because unlike crude oil, natural gas is far easier to refine and highly desirable because it burns vastly cleaner than coal. Why do you think China signed that US$400 billion deal with Russia to import natural gas? Expect natural-gas fired power plants all over the world in the immediate future until improved solar technology and a new class of very safe nuclear reactors come online over the next 25 years.
so what happens if you light a match in there?
Seems to be a lot in that part of the Mediterranean, Israel is developing 3 rich offshore fields not far from there.
Time for the Israelis to do some directional drilling?
Supergiant?
Sounds simply like Eni is trying to pump up its stock price and managers salaries.
Wait...wait...So they found it but “The company won’t know the field’s true size until it begins to develop it.”
What about the decade of environmental studies? They can’t just jump straight to development! Has anyone considered the plight of the indigenous wildlife? What about the impact all of this gas will have on the atmosphere? /lib
Quick! Declare it a national monument off limits to energy exploration!
That would be great news for Egypt. They needed a break to help them reform. Egyptian cotton only goes so far and their tourism has tanked.
For a moment I pictured a cartoon of some Washington pol with a giant bubble over him/her.
Can we eat the corn now?
Solar & wind are soooooo dead!!!
Bookmark!
Pfffft...
A single Michael Moore can hold more than that...
One of the hot points in the Middle East was that oil was found in the countries with the smallest population, like Saudi Arabia, Kuwait and UAE and not the largest like Egypt, Turkey, Syria.
Turning Egypt into an energy producer will do a huge amount to lift is population out of poverty. It may indirectly slow the growth of terrorism, because they can build their own power sources and manufacturing without sending tourism dollars to neighbors that fund terrorism in exchange for fuel.
Add the potential for desalinization in a still largely agrarian country, and they can do well if they stay secular.
So you sought...and found... planet X?
Putin is sad.
See Gloabl Warming is a real threat.