Another Natural Gas Reservoir Discovered Off Israel’s Mediterranean Coast

Wednesday, May 31, 2023 | Tag Cloud

(Worthy News) – Israel’s Energy Ministry and the Energean Company on Wednesday announced the discovery of a new natural gas reservoir off Israel’s Mediterranean Coast, the Hebrew-language Calcalist business news outlet reported.

The new gas field, to be named “Katlan,” is considered the fourth largest gas field to be discovered in Israel since 2010, with 68 billion cubic meters (BCM) of natural gas. To provide some perspective on the massive boost it will provide to Israel’s economy, the annual consumption of the entire State of Israel totals less than 13 BCM.

It is hoped that the Netanyahu government does not give the new gas reservoir away to Hamas or Hezbollah. [ Source: Jewish Press (Read More…) ]

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