Israel`s largest-ever reserve of natural gas discovered off Haifa coast

Discussion in 'Israel and Palestine' started by DavidS, Jan 18, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Israel`s largest-ever reserve of natural gas discovered off Haifa coast - Haaretz - Israel News

    Isramco announced Sunday that "extremely significant" reserves of natural gas have been discovered at its Tamar 1 offshore drill site 90 kilometers west of Haifa.

    The natural gas reserve is the largest ever discovered in Israel - three times bigger than that of the "Yam Thetis" consortium and worth $15 billion.

    "Subject to receipt of further data from the drill site, the estimated reserves of natural gas are likely even to increase," the company said in a statement.
    [​IMG]
    Tamar is a joint venture between the U.S. company Noble Energy (36%), Isramco (28.9%), Delek Drilling and Avner Oil and Gas Exploration. It is named after the grand-daughter of geologist Yossi Langotsky.

    Drilling is difficult: the sea floor is 1,700 meters below the surface of the water and under the sand is a 1,400-meter thick stratum of salt. The drill at the Tamar 1 permit site reaches 5,000 meters below sea level.

    Tel Aviv stocks rose on the back of the announcement. Isramco shares rose 123 percent, the Delek Group was up 57 percent, and Avner was up 45 percent.
     
  2. Sunni Man
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    Sunni Man Diamond Member

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    Good!!!

    Now let's quit sending IsraHell any more US money!!
     
  3. elvis
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    elvis BANNED Supporting Member

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    :popcorn:
     
  4. DiveCon
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    DiveCon gone

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    i agree, and when we do, lets stop sending money to any other country as well
     
  5. Sunni Man
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    Sunni Man Diamond Member

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    Sounds good to me!!! :eusa_angel:
     
  6. Dante
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    Dante On leave Supporting Member

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    Yeah!!! Stop sending oil money to....hey wait..,..stop sending IT to the Arab Oil Sheiks and start sending it to Israel for NG
     
  7. DiveCon
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    that too

    and DRILL HERE, DRILL NOW
     
  8. Dante
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    Dante On leave Supporting Member

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    Save Alaska! Stay beholden to Israel!



    ---

    seriously, I am of two minds about drilling here. Will it really mean cheaper prices? We will subsidize Big Oil indirectly with tax dollars, tax credits, or something.

    Why drill here? and where? offshore? They drill here at Long Beach and it sucks. And I see no direct benefit to LB.
     
  9. toomuchtime_
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    toomuchtime_ Gold Member

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    And most Israelis thought the only gas they'd ever have would come from eating Jewish cooking.
     
    • Thank You! Thank You! x 1

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