The Levantine Basin is the largest reservoir of Oil and Gas in the world (after the Siberian basin) and is located in the waters of the East
Mediterranean. It consists of several fields that cover the eastern Mediterranean Sea from the Nile delta to Greece and everyone is trying to take
over the largest possible slice...
The field is located in the sea shared by Greece, Turkey, Cyprus, Israel, Syria, Lebanon
and Palestine with its Gaza Strip (MARI-B Field) can also advance exploitation rights.
This discovery promises to Israel energy independence for the next hundreds years and is about to make a detonator in a series of latent conflicts
which first surfaced periodically and is now likely to increase in intensity and become permanent.
It all began in 2009 with the discovery of a deposit, called TAMAR by Noble Energy, Texan partner of Israel in underwater research. The discovery is
located approximately 80 km west of Haifa.
With its 238 billion cubic meters of natural gas, of excellent quality, energy TAMAR change the perspective of Israel who until that moment had a
skimpy estimates of reserves in three years by a treacherous supply pipeline (40% of requirements) that the Egyptian 'Egyptian authority of Petroleum
has just canceled order accusing the parties of corruption and anomalous downward prices.
The discovery - always the Noble Energy - the next year of the new field LEVIATHAN (135 km west of Haifa and 5 km deep)
which has reduced TAMAR in a puddle, has greatly complicated the problem (just before the
Israeli-Lebanese) involving all the countries bordering the eastern Mediterranean and perhaps up to Puglia in Ionian Sea in Italy.
The oil and gas resources of the Levant Basin are estimated at 1.68 billion barrels of oil and 3.45 trillion cubic meters of gas. "
In addition, on the basis of studies and drilling, the USGS has estimated "the undiscovered reserves the Nile Basin in terms of oil and gas, to 1.76
billion barrels of oil and 6.85 trillion cubic meters of natural gas."
The total reserves of the Eastern Mediterranean in total would amount to 9.7 trillion cubic meters of gas and 3.4 billion barrels.