So much for the Egyptian parliament demanding that Egypt sever its gas contract with Israel: Gas has been discovered off Haifa.
Three massive gas reservoirs have been discovered 80 kilometers off the Haifa coast, at the Tamar prospect, Noble Energy Inc. announced on Sunday.
The Tamar-1 well, located in approximately 5,500 feet of water, was drilled to a total depth of 16,076 feet. The thickness and quality of the reservoirs found were greater than anticipated at the location.
Charles D. Davidson, Noble Energy’s chairman, president and CEO, said in an announcement that his company was “extremely excited by the results. This is one of the most significant prospects that we have ever tested and appears to be the largest discovery in the company’s history.”
Speaking on Army Radio Sunday morning, an exhilarated Yitzhak Tshuva, owner of the Delek Group Ltd, one of the owners of the well, called the discovery “one of the biggest in the world,” promising that the find would present a historic land mark in the economic independence of Israel.
Looks like that Arab oil wealth is finally going to have a counterbalance.
“I have no doubt that this is a holiday for the State of Israel. We will no longer be dependent [on foreign sources] for our gas, and will even export. We are dealing with inconceivably huge quantities; Israel now has a solution for the future generations,” Tshuva added.
An ecstatic Infrastructures Minister Binyamin Ben-Eliezer said before the weekly cabinet meeting that the discovery was a “historic” one and could “change the face of Israeli industry.”
Not that I think it will make the world like Israel any more, even if she ships gas to Ukraine and breaks Russia’s stranglehold. But it’s good that Israel won’t need to rely on the world—which is ever so ready to boycott Israel at the drop of a hat.
Here’s hoping the gas fields are even bigger than they think.
Well, it depends on how large the gas field is, but if it is large enough, the political implications are huge.
Probably another reason to attack Israel. The world will say the we are occupying the ocean.
A**holes.
Here’s hoping the gas fields are 100 times bigger than initial claims.
Of course, the UN will claim that Israel has no right to drill for that gas. The leftists will charge Israel with “violating” the Kyoto Treaty and wit “polluting” the Meditteranean. They will also pretend that the gas “belongs” to Lebanon and not Israel.
Drill Baby Drill! Hope they find oil too. And while they’re at it, Israel should take advantage of the West’s self-inflicted idiocy and take nuclear and hydrogen energy to the next level, why leave that to China (and Iran)?