For Israel, the discovery in 2010 of a vast natural gas field off its coast was like hitting the jackpot. The future energy development offered the country unprecedented economic security.
Now, the business plans for the Leviathan site are advanced enough that Israel and its neighbors must address the toughest question about the project: how to export the gas.
The Leviathan field’s estimated 510 billion cubic meters of gas, coupled with continuing production at the nearby Tamar site, are expected to fuel Israel’s electricity generation, water desalinization and a new generation of energy-intensive industries. Exporting the gas beyond Israel would offer still greater economic benefits.… Seguir leyendo »