http://www.ft.com/cms/s/0/3de8b0ca-99ea-11e2-83ca-00144feabdc0.html#axzz2P8DS3JA4
In this Financial Times article, the author talks about the fact that today Israel began the production of natural gas from its first ever offshore reservoir. The production from this field is expected to contribute significantly towards Israel's GDP this year. It will also help in meeting Israel's energy needs and providing energy security.
Israel also has another offshore field which is being developed and money from the first field would be used in further development of the second field. Since the internal demand for gas is not extremely high, the Israeli companies are looking to export some of the production to Jordan or Turkey.
In this Financial Times article, the author talks about the fact that today Israel began the production of natural gas from its first ever offshore reservoir. The production from this field is expected to contribute significantly towards Israel's GDP this year. It will also help in meeting Israel's energy needs and providing energy security.
Israel also has another offshore field which is being developed and money from the first field would be used in further development of the second field. Since the internal demand for gas is not extremely high, the Israeli companies are looking to export some of the production to Jordan or Turkey.
Natural gas will surely play an increasingly larger part in the World's energy composition. Especially in Israel, a country in a very unstable region, energy independence is important. I believe that this will prove to be a strong move for not only the Israeli economy but for national security as well.
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