Posted on 01/18/2009 8:07:24 PM PST by Nachum
(IsraelNN.com) The Houston-based Noble Energy company, drilling for Israel’s Delek fuel company, announced that it has discovered a huge deposit of natural gas under the Mediterranean Sea near Haifa.
Infrastructures Minister Binyamin Ben-Eliezer (Labor) said that the find was of “historic proportions,” and that it could change the face of Israel’s economy.
Eighty-seven billion cubic meters, or nearly 3.1 trillion cubic feet, of high-quality gas are estimated to be in three deposits in the Tamar Drilling site, which is named for Delek owner Yitzchak Teshuva’s granddaughter. Teshuva said that the find marks a “historic milestone and a great holiday for Israel,” and that he has no doubt it will “supply Israel’s energy needs for many decades to come.”
Stock prices in the Delek company jumped 38% following the announcement, and its daughter company, Delek Drilling, has jumped even higher.
The gas is located 90 kilometers west of Haifa, between Israel and Cyprus, but the rights to the Cypriot drilling sites are also owned by Teshuvah. The depth of the water above the find is 1.7 kilometers, over a mile, and the gas is located another 4.9 kilometers deep in an area 140 meters wide.
In light of the positive results from the finds, a $20 million test drill will be carried out over the next three weeks.
Coal Plant: The End? The discovery is likely to put an end to plans to build a coal energy plant in Ashkelon. MK Rabbi Michael Melchior, of the Meimad-Green movement, said after the announcement of the gas find, “Until now, proponents for the coal plant said that Israel could not afford to rely on natural gas from hostile countries. But now, we must bury the plans for the coal plant, which would be dangerous to the health of the residents in the area. Instead, a plant fueled by green, Israeli natural gas must be built there, with minimal health risks and great financial benefits to Israel’s economy.”
What? Zion Oil and Gas hasn’t hit the “mother lode” yet? Bummer.
This is good news for Israel.
now the arabs are really gonna hate ‘em.
Great!
Israel’s going to have to shift slightly towards naval threats.
PRAISE GOD!
I still think they will find a lot of oil, too.
“3.1 trillion cubic feet, of high-quality gas”
There they go again. Stealing wealth from the oppressed Arab nations.
Infrastructures Minister Binyamin Ben-Eliezer (Labor) said that the find was of “historic proportions,” and that it could change the face of Israel’s economy.
it would be historic if a Democrat would say something similar if we found an equivalent supply of natural gas.
my thoughts too. maybe the arabs knew about it all along.
Anyway, good for them. Maybe the balance of economic power will shift ever-so slightly towards God's chosen.
I’m sure the arabs will soon be claiming that the gas is theirs and that the Israelis are occupying the fields.
Praise God from Whom all blessings flow!
I would like to see Israel conquer their neighbors and confiscate their energy resources as recompense for 1400 years of Muslim oppression. I would much rather buy my oil from friendly Jews than hateful Muslims.
It is in prophecy that they will realize great wealth from deep.
If gas is present is oil possible too?
INDEED. I believe it is.
22. It was foretold
Deuteronomy 33; 19- They shall call the people unto the mountain; there they shall offer sacrifices of righteousness; for they shall suck of the abundance of the sea, and of treasures hid in the sand.
Robert, Indianapolis (18/01/09)
I am so excited to see the fulfillment of God’s prophecy.
Some fear the end times, I hope to be awake to witness the heavens open up like a scroll.
Come Lord Jesus.
I’ve heard that where there’s gas, there’s usually oil nearby.
I may be wrong, though.
Noble is already supplying gas to Israel which is converted to nearly half of all of the electricity in Israel.
The Noble platform is 14 miles from the beach and the IDF is instrumental in keeping it safe.
No threats in nearly 4 years.
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