Huge Finds in the Mediterranean Mean Israel is Overflowing in Natural Gas
Ever
since its foundation as an autonomous state in 1948, Israel has relied
on imported energy to meet its domestic power demands. However offshore
exploration operations have now found giant natural gas fields able to
supply the country with more gas than it can use.Noble Energy Inc, Delek
Group Ltd, and a few other companies have announced finds in the
Mediterranean Sea that hold enough natural gas to supply Israel’s energy
needs for 150 years.Noble Chief Executive Officer, Charles Davidson,
said that they’ve “found far more…Read more...
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