(Oil & Gas Journal) Eric Watkins - Israel's reserves of natural gas, now under development in the Mediterranean, are poised to rise substantially in the near future, according to Israel Natural Gas Authority Director-General Yehosua Stern. Israel's proven gas reserves amount to 300 bcm, most of it in the offshore Tamar field. The reserves figure is expected to rise by a further 453 bcm after production tests are completed at Leviathan field. Stern expects an additional 550 bcm of gas to be discovered in Israeli economic waters, which eventually will bring the country's total reserves to 1,300 bcm.
2011-11-08 00:00:00Full ArticleBACK Visit the Daily Alert Archive