New reserve is estimated to contain some 8.9 trillion cubic feet, Isramco Negev and Modiin Energy say
An Israeli gas exploration group, led by the Isramco Negev and Modiin Energy companies, announced on Sunday that it had found signs of a massive natural gas reserve off Israel’s Mediterranean shore, comparable in size to the Tamar field.
The reserve, estimated to contain some 8.9 trillion cubic feet, was revealed in the companies’ resource report.
“We are excited at the potential that has been revealed for finding gas in the Daniel East and Daniel West licenses. This potential is of a significant size, which, if realized, could represent competition for existing reserves, and improve the country’s energy security,” said Ron Maor, CEO of Modiin Energy.... Read More: Times of Israel