Israel’s first offshore gas production
Israel started pumping its first offshore natural gas in a move it hopes will help boost the nation’s economy and increase energy security.
Located in the Mediterranean Sea, gas started flowing in from the Tamar offshore field into the Israeli port of Ashdod. The project is believed to be the largest privately funded infrastructure project in the nation, costing around $3 billion (£2bn).
The field is estimated to hold nine trillion cubic feet of natural gas, a discovery made by US firm Noble Energy, which partly owns and operates it. Reports claim the Government expects to save around one billion shekels (£182 million) a month from the gas production.
Read the full story here http://www.energylivenews.com/2013/04/04/israel%E2%80%99s-first-offshore-gas-production/
Source: Energy News Live