The Israeli Infrastructure Ministry said the Leviathan field
contains at least 16 trillion cubic feet of gas, by far the largest energy
find in the Jewish state, Middle East Newsline reported.
Officials said this could significantly reduce
Israel's energy imports, particularly for electricity generation.
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"This is the most important energy news since the founding of the
state," Infrastructure Minister Uzi Landau said. "If it acts correctly,
level-headedly and responsibly, Israel can enjoy not only the benefit of
using the gas, but it can also turn into a gas supplier in the Mediterranean
region."
Leviathan was discovered by a consortium led by the U.S. firm Noble
Energy. Noble and its Israeli partners have been lobbying against efforts to
increase taxes on energy revenues.
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