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Gas from Israel’s Tamar field starts flowing
thepeninsulaqatar.com/ ^ | 3/31/2013

Posted on 03/30/2013 3:41:14 PM PDT by RoosterRedux

JERUSALEM: Natural gas from the Tamar field off Israel’s Mediterranean shores began flowing yesterday, the head of a partner in the field said in a statement.

Israel, once energy poor, is expected to become a gas exporter by the end of the decade, with the Tamar field holding enough reserves to meet the country’s gas needs for decades.

The gas discovery in 2009 led to an exploration frenzy in the Levant Basin — shared between Israel, Cyprus and Lebanon — and the uncovering of a second bigger find, Leviathan, which prompted Israel to set up a natural gas wealth fund.

“Today (we begin) independence in Israeli natural gas. It is an enormous achievement for the Israeli economy and the start of a new era,” said Israeli billionaire Yitzhak Tshuva, the controlling shareholder in Delek Group, one of the partners in Tamar.

The gas should lead to a reduction in production costs for state utility Israel Electric Corp as well as a decline in the price of electricity, the Israeli Water and Energy Ministry said last week.

Israeli Prime Minister Benjamin Netantyahu highlighted the achievement in a statement issued by his office. “We are taking an important step towards independence in the energy sector. In the past decade we have promoted Israel’s gas sector and this will enhance Israel’s economy and benefit all the country’s citizens,” he said.

Tamar is located 90km off the northern coast and has an estimated 10 trillion cubic feet of gas. Development of Tamar and Leviathan will make Israel less dependent on energy imports but the country has said it will also allow a significant amount of its natural gas to be exported.

(Excerpt) Read more at thepeninsulaqatar.com ...


TOPICS: Israel; News/Current Events
KEYWORDS: cyprus; energy; israel; lebanon; leviathan; tamar

1 posted on 03/30/2013 3:41:14 PM PDT by RoosterRedux
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To: RoosterRedux

Wanna bet the dems/marxists are not liking this?


2 posted on 03/30/2013 3:47:19 PM PDT by phormer phrog phlyer
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To: RoosterRedux
Israel Grants First Golan Heights Oil Drilling License To Powerful US Company
Business Insider ^ | Feb. 22, 2013, 2:45 PM | Michael Kelley
http://www.freerepublic.com/focus/f-news/2990546/posts

Stop the bloodshed. We must have peace in the MiddleEast...."peace and security". Soon. It's for the children.

3 posted on 03/30/2013 3:53:47 PM PDT by haffast (Books serve to show a man that those original thoughts of his aren't very new at all. -Abe Lincoln)
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To: RoosterRedux

“... in the Levant Basin — shared between Israel, Cyprus and Lebanon....”

Will Israel be drinking their milkshakes?


4 posted on 03/30/2013 4:21:07 PM PDT by USFRIENDINVICTORIA
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To: RoosterRedux

This is great news for our Israeli friends.

Noble Energy out of Texas is building gas rigs for the Israelis. Noble has been working with the Israelis for about 10 years. The company has a 47% stake in the gas fields.


5 posted on 03/30/2013 4:46:50 PM PDT by sergeantdave
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To: sergeantdave
This is great news for our Israeli friends

Indeed, but let's not forget that in Eze 38 Russia attacks a prosperous Israel, coming to plunder...

6 posted on 03/30/2013 7:59:49 PM PDT by Former Fetus (Saved by grace through faith)
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To: RoosterRedux

Producing your own natural gas is always than buying it abroad unless you’re sitting on it as an investment that’s expected to increase in value at a later time.


7 posted on 03/30/2013 8:31:52 PM PDT by clearcarbon
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To: dennisw; Cachelot; Nix 2; veronica; Catspaw; knighthawk; Alouette; Optimist; weikel; Lent; GregB; ..
Middle East and terrorism, occasional political and Jewish issues Ping List. High Volume

If you’d like to be on or off, please FR mail me.

..................

8 posted on 03/31/2013 5:17:39 AM PDT by SJackson (The Pilgrims—Doing the jobs Native Americans wouldn’t do !)
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To: RoosterRedux

This is a very big deal.


9 posted on 03/31/2013 10:12:18 AM PDT by Ernest_at_the_Beach ((The Global Warming Hoax was a Criminal Act....where is Al Gore?))
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Thanks RoosterRedux.


10 posted on 04/02/2013 8:17:38 PM PDT by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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