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GreekReporter.comGreek NewsIsrael Considers Gas Pipeline to Greece

Israel Considers Gas Pipeline to Greece

A number of natural gas fields have been discovered along Israel’s Mediterranean coastline over the past few years. Among them is the Leviathan energy field, which appears likely to hold enough gas to meet Israel’s needs for the next 60 yearsas the current demand projects.

In June scientists discovered up to 453 billion cubic meters of natural gas in the reservoir. The find comes in addition to that discovered at the two Tamar drilling sites near Haifa, which is said to be enough to provide for Israel’s needs for at least 30 years.

The U.S. Geological Survey estimated this year that some 122 trillion cubic feet of undiscovered qne recoverable natural gas lie in the Levant Basin Province in the eastern Mediterranean region.  This includes the coastal region near Israel and Lebanon which both have coatal energy fields.

Israel is considering construction of an underwater gas pipeline to export all natural gas to Europe and Greece. According to sources quoted by the Globes business news service, the idea was raised during a meeting last week between Prime Minister Binyamin Netanyahu and Greek Prime Minister George Papandreaou. Relations with Greece have grown closer over the past several months. Turkey; a nation that once would have been considered a natural partner in such an endeavor and a rival with Greece, is not being considered for the project. The Muslim led Ankara government has increasingly distanced itself from the Jewish State.  This dates back to Operation Cast Lead, the counter terrorist war against Gaza’s Hamas terrorist rulers in the winter of 2008-2009.

(source: IsraelNationalNews.com)

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