[Reuters] A consortium of Israeli companies and Noble Energy of the U.S. said on Sunday they will soon begin drilling for natural gas off Israel's Mediterranean coast at a cost of $144.5 million. The Tamar 1 drilling site is located 90 km. west of Haifa. Noble estimates there is a 35% chance of finding natural gas, in the amount of 1 billion cubic meters.
2008-10-29 01:00:00Full ArticleBACK Visit the Daily Alert Archive