Israeli firm sees further major offshore gas deposits (AFP) AGENCE FRANCE PRESSE) 06/04/12)
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An Israeli company has said there is a high probability of further
major natural gas deposits off the northern Israeli coast.
A statement released on Sunday by the Israel Opportunity energy
exploration partnership said that prospecting at the Pelagic group of
deep-sea fields, west of Haifa, showed a potential 189 billion cubic
metres (6.7 trillion cubic feet) of gas and 1.4 billion barrels of
"The quantity of gas discovered in the licences, and at high
probabilities, are the third-largest discovered so far off Israel´s
shores," Chairman Ronny Helman said.
"This quantity ensures Israel´s energy future for many decades," he
The existing Leviathan and Tamar fields, 130 kilometres off Haifa,
are believed to hold some 450 billion cubic metres (16 trillion cubic
feet) and 238 billion metres (8.4 trillion cubic feet) of gas
Israel is pushing to get its new gas fields on line swiftly to make
up the shortfall in supply caused by the collapse of imports from
"These are initial estimates after exploratory drilling at the start
of this year, but the probability that these estimates are realised
is highly important, Israeli energy specialist Amit Mor, CEO of
consulting firm Eco Energy, told AFP.
Israel generates 40 percent of its electricity from natural gas and
wants to raise that figure, reducing the use of more costly and
polluting diesel and coal.
Until last year, Egypt provided 43 percent of Israel´s gas but the
flow was regularly disrupted after the overthrow of former Egyptian
president Hosni Mubarak in February 2011.
In April this year, Egypt annulled the supply contract altogether.
(Copyright © 2012 Agence France Presse. 06/04/12)
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