Israel’s offshore gas reserves poised to rise

Israel’s reserves of natural gas, now under development in the country’s Mediterranean offshore, are poised to rise substantially in the near future, according to a senior government official.

“Israel’s potential gas discoveries stand at 1,000 billion cu m,” said Israel Natural Gas Authority Director-General Yehosua Stern, adding that Israel's proven gas reserves amount to 300 bcm, most of it in the offshore Tamar field.

However, Stern told delegates at a conference on energy and the environment that the reserves figure is expected to rise by a further 453 bcm after production tests are completed at Leviathan field.

Stern also told conference delegates that he expects an additional 550 bcm of gas to be discovered in Israeli economic waters, which eventually will bring the country's total reserves to 1,300 bcm....

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