Fascinating news out of Israel.
It’s just been announced that the massive natural gas discovery made earlier this year off the coast of Haifa is actually 16% larger than thought just a month ago. And last month’s assessment is 30% higher than the original estimate made in January. According to Nobel Energy, Inc. — a major partner in the exploration and drilling effort — it turns out there are an estimated 207 billion cubic meters of natural gas out there, not 178 billion.
Haaretz reports that geologist Joseph Langotsky, who initiated the project, agreed with other geologists’ estimates at the time which predicted dramatically higher quantities than those initially reported.
“The unbiased expert report confirms the unusual size and quality of the Tamar field,” said the chief executive of Delek Energy and Avner Oil Exploration, Gideon Tadmor, another key player in the project. “The recent discoveries of natural gas at the Tamar and Dalit sites are a strategic asset for the state of Israel and its energy market, and relieve Israel of its dependence on foreign entities.”
Blog posting from January 18, 2009: BIBLE PROPHECY UPDATE: Israel discovers “inconceivably huge quantities” of natural gas reserves off Haifa
HEADLINES TO TRACK:
- Mubarak says U.S. will unveil first draft of Mideast plan in September
- WSJ editorial, “The Afghan Vote” (national elections there are Thursday)
- Syria’s Assad arrives in Iran
- FLASH: “A series of blasts in Baghdad killed 95 people and wounded 536 in Iraq’s bloodiest day this year, renewing doubt over Iraqi forces’ ability to maintain security after U.S. troops pulled out of urban areas.”
- Poll: Only 12 percent of Israelis believe Obama supports Israel
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