Sunday, August 5, 2012

Abraham was told to go to an energy rich place










Gas Discoveries
Digital imgaing of gas field Digital Imaging (Lerman Architects)
Digital imgaing of gas field Digital Imaging (Lerman Architects)

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'Israel has enough gas to last 150 years'

Bloomberg news agency says explorations under Mediterranean Sea have uncovered $240 billion worth of gas, which is far more than can ever be used in Israel
Ynet
Published: 08.05.12, 13:33 / Israel Business


Gas exploration companies Noble Energy Inc., Delek Group Ltd. and others have discovered enough natural gas to supply Israel’s domestic needs for the next 150 years, an investigative report published by Bloomberg news agency claimed on Saturday.

"The gas would be worth about $240 billion, equal to Israel’s annual economic output, based on today’s prices in the UK," the report claimed.
Strategic Assets

NIS 3B needed for gas rig defense plan  / Yoav Zitun

Plan will create IDF 'extension' 180 km off Israel's shores; entails use of at least seven ships. Major manpower, constant patrolling included in bid to protect 'strategic asset'
Full story


The report described Israel's ongoing debate over how to manage the gas discoveries. While many in Israel are lobbying to prevent exports and instead store gas reservoirs for times of need, others have called to make quick profits from gas exports by pipeline or ship.

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