Global energy crisis opens possibilities for Israeli natural gas
Experts say that the global energy crisis is exactly the moment when Israel must expand its natural gas export quotas.
The discovery of another marine natural gas reservoir, announced May 9 by British natural gas company Energean, underscores Israel’s emerging status over the past decade as a regional power in the field of natural gas. The country is capable of providing not only for its own needs, but for the needs of its neighbors as well, and even for other countries around the world.
The discovery in the Athena well led the company to go public about the near certainty that the Block 12 search zone contained nearly 60 billion cubic meters (bcm), or 1 cubic kilometer, of natural gas.
