Israel Gas Field Is Now Twice the Size of Previous Estimates
Thursday, August 27, 2009 (4:26 am)
By George Whitten, Jerusalem Bureau Chief
JERUSALAM, ISRAEL (Worthy News) – Israel's discovery of the one of the world's largest natural gas field is much larger than previously estimated, according to a new report obtained by Worthy News.
The Tamar Gas field, offshore from Haifa, is now worth $8 billion, nearly double previous estimates of local analysts, said a report prepared by Wood Mackenzie Research and Consulting.
Tamar is the world's second largest natural gas discovery over the past 18 months. Natural gas will be flowing into Israel by 2012, officials said.
Analysts say the natural gas field will have a huge impact on the economy of Israel and is expected to make the Jewish state more energy independent.
"The state of Israel will make over $5 billion in royalties and corporate taxes from the production of the gas at Tamar field alone," said Gal Reiter, an energy industry analyst at Clal Finance & Brokerage, a leading Tel Aviv investment bank.
As infrastructure is built for bringing natural gas onshore, local economies are also expected to benefit from the billions that will be spent on a 500 kilometer (311 mile) distribution network, officials said.
Israel's National Infrastructure Ministry (NIM) announced it is considering adapting the country’s bus fleet as well as cars to run on natural gas.
The NIM said it believes demand for natural gas "will triple" by 2016, as power plants and industry rapidly switch from oil to natural gas.
JERUSALAM, ISRAEL (Worthy News) – Israel's discovery of the one of the world's largest natural gas field is much larger than previously estimated, according to a new report obtained by Worthy News.
The Tamar Gas field, offshore from Haifa, is now worth $8 billion, nearly double previous estimates of local analysts, said a report prepared by Wood Mackenzie Research and Consulting.
Tamar is the world's second largest natural gas discovery over the past 18 months. Natural gas will be flowing into Israel by 2012, officials said.
Analysts say the natural gas field will have a huge impact on the economy of Israel and is expected to make the Jewish state more energy independent.
"The state of Israel will make over $5 billion in royalties and corporate taxes from the production of the gas at Tamar field alone," said Gal Reiter, an energy industry analyst at Clal Finance & Brokerage, a leading Tel Aviv investment bank.
As infrastructure is built for bringing natural gas onshore, local economies are also expected to benefit from the billions that will be spent on a 500 kilometer (311 mile) distribution network, officials said.
Israel's National Infrastructure Ministry (NIM) announced it is considering adapting the country’s bus fleet as well as cars to run on natural gas.
The NIM said it believes demand for natural gas "will triple" by 2016, as power plants and industry rapidly switch from oil to natural gas.
Copyright 2009 Worthy News. All rights reserved.
This is an open forum. Any opinions expressed here do not necessarily reflect the views of Worthy News, or its parent ministry Worthy Ministries.
Increase
Decrease
Thanks Giving To The Mighty One
“But I will sacrifice unto thee with the voice of thanksgiving; I will pay that that I have vowed. Salvation is of the LORD.”
Jonah 2:9
Bless Your Holy Name
“Bless the LORD, O my soul: and all that is within me, bless his holy name.”
Psalms 103:1
You Are Good
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Psalms 62:8
My LORD
“Trust in him at all times; ye people, pour out your heart before him: God is a refuge for us. Selah.”
Psalms 62:8
I Praise You
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“I will take the cup of salvation, and call upon the name of the LORD.”
Psalms 116:12-13
And Call Upon Your Holy Name
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Joel 2:32
Maranatha! Come Quickly LORD Jesus! Come Quickly!
I too am christian…but what does this comment/quotations have in any way to do with the story???
The first time this story came out, i thought to myself, that the natural gas field will be much bigger than they have discovered. I am a christian in the Bahamas. And i believe that G-D has giving Israel, EVERYTHING they need to be self reliant. I do not believe that Israel have to rely on any middle-eastern country for anything .
THE ANCIENT OATH:
What if Zion Oil (ZN) discovers liquid golden “honey” (not crude) OIL in the land at the extremely deep Ma’anit well in the midst of the land flowing with “milk & honey”? That won’t take until 2012 to begin using and exporting right away. It is prophesied in Genesis 49 for “the last days” and could happen any day now in a place called MEGIDDO. They are only about 500 ft. from the 18,000 ft. deep target zone now in the Permian. Perhaps the often referenced “Sea of the Great Deep” is an ocean of a very different kind of “water”, namely super sweet and powerful golden petroleum oil. When will the Sea of the Great Deep finally lift His Hands up towards Heaven and Utter His Voice?? All in His Perfect Timing and in His SeaSon.
hen, the prophecies about an Iranian/Islamic confederacy converging on Israel, headed by Russia (king of the north) to get an evil thought and come down and take a SpOIL (Ezek. 38&39) in the Gog/Magog War will make a whole lot more sense so very suddenly. Perhaps the discovery of massively abundant “sweet” pure golden petro-leum in the land is what the Bitter-Sweet Mystery of the Seven Thunders is all about. The excitement and joy of a sudden glorious financial and geopolitical power shift tilting the “tables” towards Israel may suddenly be shadowed over by fears of a gathering threat of a massive converging invasion from all sides to “take the SpOIL”, contained within their promised land.
The Bible says The Lord inhabits His Holy Mount Carmel. His Spirit is contained in the land itself, and Israel’s blessings are likewise connected directly to the promised land, which they are strictly told not to negotiate away in “land for peace” deals or to sell to foreigners. Spirit is symbolized by OIL. Crude is Un-clean. Holy Spirit is Pure Golden “Honey” Oil, as O-live in appearance. If/when Israel is invaded over their promised oil in The Ancient Oath… Yeshua will Arise and fight for Israel as they call out upon His Holy name.
Blessings & Shalom.
Very thought pravocing Len would like to hear more
Thank-you for your insert Len even its a little late to give my commendation. Yes, God did predict
the last days right from the beginning to His chosen people. Praise God
It seems that America is becoming an enemy of Israel under the Obamanation administration of democrat and rino fool politicians, yet God will provide for Israels needs even if the fool U.S. joins the socialist nations in destroying themselves and all they have by electing fools for political leaders.
Israel the nation was chosen of God and they rejected the messiah, Jesus Christ our Lord and Saviour, and God set them aside for the time of the gentiles, the Church age body of Christ, and the time of the gentiles will be fulfilled when the armies of the earth unite to destroy Israel under the anti Christ durning the 7 year tribulation, the last day of which the Lord Jesus will descend with the holy angels and His saints and destroy the anti Christ and his armies in Israel, aka Armageddon. Then begins the Kingdom age of the Lord, Saviour and King Jesus Christ over all the earth, the best 1000 years of life experienced on the earth under the King Jesus that the sinners who survive the 7 years of God’s indignation will enjoy and God will bring in a great amount of saved souls to Himself by Jesus Christ to fulfill the prophecy of “their number shall be as the sand of the sea and the stars of the sky for multitude” as the Lord God of Hosts, the Father, has declared for His only begotten Son Jesus Christ.
The Lord Jesus Christ will be King of the whole earth and Israel will be the where the throne of His reign as King will be and so all prophecy will be fulfilled.
Praise God…This is wonderful news. My heart goes out for Israel and am relieved to know now that they are more independent over this vast find. And yes they will perhaps find much more
greater blessings in their land in time but yet the greatest gift out of that country was and is
Our Lord Jesus Christ. We as christians have got forgive Israel’s neighbors even the whole world
itself that have and will turn against this country in time. I am from Alaska but yet I have known
in my heart that God is on Israel’s side and always will be…The Holy Bible clearly defines the facts.
God will and does bless those that bless Israel and will and does curse those that curse Israel.
Well I’m elated with Thanksgiving to our Lord God for this good news. God in Heaven is worthy to
be praised forevermore. Oh how Awesome He is to be relied upon. Praise Ye The Lord!!!