Sunday February 23, 2014

I've Been Thinking:

Israel is now an energy exporter. Israel is now exporting natural gas and will soon become one of the largest natural gas suppliers in the world.

Last week Israel signed a deal with Jordan to provide them with $500 million worth of natural gas over the next 15 years.

Jordan is in great need of gas. They were hit terribly by the breakdown of the pipeline from Egypt after it was repeatedly sabotaged by rebels. Now the Jordanians will have a dependable source of natural gas.

This gas comes from Tamar, a gas field deep below the Mediterranean Sea. It is the smaller of two gas discoveries that have been tapped recently. The larger is called Leviathan. Interestingly, Israel signed a gas deal with the Palestinian Authority to provide them natural gas from Leviathan.

It seems that Israel is a more reasonable and more dependable gas resource than neighboring Arab suppliers.

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