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Thursday, March 4, 2010    

Israel projects energy independence thanks to natural gas fields

TEL AVIV — Israel was expected to end energy dependence over the next five years.   

A U.S. energy company said its natural gas exploration project could result in the end of Israeli dependence on foreign energy suppliers.

Noble Energy has been developing the Tamar gas field in the eastern Mediterranean Sea, expected to begin production in 2012, Middle East Newsline reported.


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"It's significant to Israel and what it can do for this country in terms of lowering energy costs," Noble chief executive officer Charles Davidson said.

Davidson said Tamar would drill wells that would provide Israel with a total of 750 million cubic feet of gas per day.

He said this could fulfill Israel's energy needs and even lead to gas exports.



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