The Leviathan natural-gas site off the Haifa shore could be twice the size of the Tamar prospect, the largest gas discovery globally in 2009, and position Israel as a gas exporter in coming years, US oil operator Noble Energy Inc. said Thursday.
“Today is a day of celebration for all of us. The State of Israel is an energy independent country,” Yitzhak Tshuva, controlling shareholder of Delek Group, said Thursday. Delek is a partner in the Leviathan natural-gas find through its subsidiaries Avner Oil and Gas LP and Delek Drilling LP, who each own 22.67 percent. [...]
“In March, when I was last in Israel, I said that Noble Energy planned to be here for decades to come,” Noble Energy chairman and CEO Charles Davidson said Thursday. “I am thrilled that today’s announcement substantiates the potential of a new and significant energy basin in the eastern Mediterranean, which, if successful, could position Israel as a potential energy exporter in future years.
“I would like to congratulate the State of Israel on the discoveries of the last year and a half, which have the potential to strengthen the economy and security of Israel. Noble is honored to be working with our Israeli partners in this historic development.” [...]
Israel will threaten Turkey if it starts exporting large quantities of LNG. The Turkish LNG pipeline plans from Russia will potentially remove them from a profitable picture if Israel begins large sea based exports of LNG to Europe and Asia in the coming decades.
The largest section discovered so far, the Leviathan gas field, is believed to possibly contain, alongside natural gas, 4.2 billion barrels of oil. Leviathan straddles the Israeli-Lebanese maritime border. Israel is currently in a state of war with Lebanon and does not recognize the de-facto Hamas Palestinian government in the Gaza Strip.
Sharp words are already being exchanged between Jerusalem and Beirut. Upon discovery of the fields in June, Lebanon warned Israel not to drill within their maritime borders. Israel then escalated the rhetoric with military threats, as Minister of National Infrastructures Uzi Landau threatened to use force to