Israeli finds Another Large Offshore Gas Field

Posted by Joseph R Fonseca
Sunday, January 17, 2016
Courtesy Isramco Inc

 

An Israeli exploration group reported on Sunday it has discovered another large natural gas field off Israel's Mediterranean coast.

The group, led by Isramco Negev and Modiin Energy, said that a resource report showed there could be an estimated total of 8.9 trillion cubic feet of natural gas at the Daniel east and west fields.

Large natural gas deposits have been discovered in nearby waters in recent years.

(Reporting by Ari Rabinovitch; Editing by Tova Cohen)
 

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