Tag Archives: oil and gas field

An Israeli company has discovered a giant off-shore oil and gas field within Israeli territorial waters.

An Israeli company has discovered a giant off-shore oil and gas field within Israeli territorial waters.

“The quantity of gas discovered in the licenses, and the high probabilities, make it the third largest offshore discovery to date,” according to Israel Opportunity chairman Ronny Halman, quoted by Globes. He added, ”This quantity guarantees Israel’s energy future for decades, and makes it possible to export Israeli gas, and boost the state’s revenues without worrying about gas reserves for domestic consumption.”