Israel Gas Find ** World Player Status?? or Biblical Prophecy Hint??

June 3 (Bloomberg) -- The Leviathan natural gas prospect offshore Israel may produce enough to export to Europe and East Asia, said Asaf Bartfeld, chief executive officer of Delek Group Ltd., one of the partners in the block.

Noble Energy Inc., the operator, today said the prospect may hold 16 trillion cubic feet with a 50 percent “geologic chance” of success. It also raised its reserve estimate for the nearby Tamar field to 8.4 trillion cubic feet and said its total resource potential in the area was 30 trillion cubic feet, or more than twice U.K.’s proven gas reserves.


Leviathan would be the largest gas field in Israeli waters if the prospect yields the estimated gas. Finds at Leviathan may be tapped for exports as the Tamar and Dalit fields, both estimated to begin producing the fuel at the end of 2012, hold enough to cover Israel’s use for about two decades



www.reuters.com...


www.businessweek.com...

[edit on 3-6-2010 by freetree64]

With the situation as it is now currently in Israel, will this be the next piece of the puzzle, providing Israel with something the world is after, sitting on top of a huge natural gas deposit.

It's all to ironic, first the world hates them for recent events, now they may have something the world wants, "Energy". Makes one wonder, and feel's like it's all coming towards a cresendo.

by 2012 we'd probably have discovered some kind of a new energy that we dont need gas anymore.

even still other middle eastern countries are still more valuable with gas and oil.

Originally posted by RizeorDie
by 2012 we'd probably have discovered some kind of a new energy that we dont need gas anymore.

even still other middle eastern countries are still more valuable with gas and oil.

This would be great, and I am hoping the same.

I am majoring in physics and math, and that is my first goal and possibly my thesis for physics.

It isn't a matter of discovering a new energy as it is having the technology to do the right kinds of things, to the right kinds of molecules, at the right temperature.

But.. in regards to the thread, thinking objectively, this is actually good for the U.S. I'd guess. Little brother has a bigger lemonade stand.

reply to post by Mr Objectivity


Now we just have to hope that the rest of the world, doesn't want Israel's lemonade too much....eh?

Until now, Israel was always faced with animosity, but they never were in possesion of anything the world needed, there's the rub....

All the evidence points to Israel being untouchable at the current moment.

There isn't even a need for me to post links.

This is universally understood, even by both extreme sides of the coin.

You can blame America, you can blame Israel, but evidence points to the LEADERSHIP, not the people.

The people have lost power, is the only rational conclusion after being able to comprehend the entire world stage whilst using objectivity.

Not an easy thing to do, I might add.

Some of you biased people should do it sometime, to make it easier to spot folks with an agenda.

Read the above sentence once more, and realize what this means, and why you should do it.

Realizing this is the key to real change.

P.S.
I'd bet that half the people don't know what objectivity means -_-

Anyone checked the fields location??

ARE is this it .
www.guardian.co.uk...

The gas fields extend from Egypt's territorial waters, through those belonging to Gaza, to those belonging to Israel. One article I read estimates that about 1 trillion cubic feet of gas is located in the Gaza maritime region, with an estimated potential income of 4 billion annually. Gaza, of course, is not currently in a position to exploit those fields, for both political and economic reasons. Meanwhile, Israel is busy drilling wells in its own maritime region, and some of the wells are expected to come online in 2012. The fate of the gas in the Gaza region is currently uncertain. The fields in this area are generally under license to BG (British Gas).

[edit on 8-6-2010 by Angiras]

Aside from the current Iranian strike possibilities, and the floatilla problems, this could turn out to be another reason for Israel to end up in a shooting match.......According to "Arutz-Sheva"


"Israel is prepared to use force if necessary to protect a gas field off the coast of Haifa, Minister of National Infrastructure Uzi Landau told Bloomberg News on Wednesday".

"We will not hesitate to use our force and strength to protect not only the rule of law but the international maritime law,” Landau said. His statement was a response to a Lebanese attempt to lay claim to the gas find"






www.israelnationalnews.com...

Israel will fight for its gas fields

Israel will not hesitate to use force to protect its gas fields from being claimed by Lebanon, Infrastructure Minister Uzi Landau warned this week in an interview with Bloomberg News.

Lebanon parliament speaker Nabih Berri earlier this month urged his government to start exploring its offshore natural gas reserves, claiming that otherwise Israel would claim the resources.

www.haaretz.com...

Entire article here, as shown in "Arutz-Sheva"....





Landau: Israel Prepared to Use Force to Protect Gas Find

by Maayana Miskin



Israel is prepared to use force if necessary to protect a gas field off the coast of Haifa, Minister of National Infrastructure Uzi Landau told Bloomberg News on Wednesday.

"We will not hesitate to use our force and strength to protect not only the rule of law but the international maritime law,” Landau said. His statement was a response to a Lebanese attempt to lay claim to the gas find.


Two weeks ago, Lebanon's As-Safir newspaper accused Israel of attempting to steal gas. The gas field off the shore of Haifa was described by the paper as being located “offshore from the coast of Lebanon, between the international border of Palestine and Cyprus.”

The next day, Lebanese Parliamentary speaker Nabih Berri called on his government to lay its own claim to the gas field. “Lebanon must take immediate action to defend its financial, political, economic and sovereign rights,” he said.

A senior Hizbullah leader, Heshem Safieddine, said Hizbullah would not allow Israel to take what he referred to as Lebanese resources.

Lebanon would challenge Israel's claim to the gas field no matter where it was located, Landau said. “Whatever we find, they will have something to say. That's because they're not challenging our findings and so-called occupation of the sea. Our very existence here is a matter of occupation for them.”

The areas in which gas has been found “are within the economic waters of Israel,” he added. Gas was first discovered 50 miles west of Haifa.

Updated projections have shown that the deposit may hold between 690 and 850 billion cubic meters of gas, far more than was initially expected. The finds could supply Israel's gas needs for 20 to 35 years.

The find could turn Israel “from a consumer to a supplier of gas,” Landau said earlier this month when the updated projections were made public. “This is a jump that could mean economic independence for Israel,” he stated. (IsraelNationalNews.com)

Story from "WSJ" less than 1 hour ago, guess who has lot's of potential LNG??? Interesting development.....hmmmmm





LONDON (Dow Jones)--Saudi Arabia, the world's largest energy producer, may benefit from importing liquefied natural gas to boost domestic supply and maximize profits from oil exports, a Royal Dutch Shell PLC (RDSB) executive said Thursday.

"In an environment where much crude and fuel oil is being burnt up for power, there's a strong case to bring in more gas and free up some of that [oil] for export," De la Rey Venter, Shell's global head of LNG, said at the National Oil Companies congress in London.

"I don't know what the kingdom will decide."

-By Angela Henshall, Dow Jones Newswires; +44 (0)20 7842 9285; [email protected]

(Lananh Nguyen in London contributed to this report.)

Lot's of articles on this it seem's..... trust me you'll be back to this story....






Latest update 02:19 25.06.10
Infrastructre Min. warns Hezbollah: Israel will fight for its gas fields
By TheMarker and Agencies Israel will not hesitate to use force to protect its natural gas fields from being claimed by Lebanon, National Infrastructure Minister Uzi Landau warned yesterday in an interview with Bloomberg News.

Lebanese parliament speaker Nabih Berri earlier this month urged his government to start exploring its offshore natural gas reserves, claiming that otherwise Israel would claim the resources.

"Israel is racing to make the situation a fait accompli and was quick to present itself as an oil emirate - ignoring the fact that, according to the maps, the deposit extends into Lebanese waters," Berri said. "Lebanon must take immediate action to defend its financial, political, economic and sovereign rights."








liveshots.blogs.foxnews.com...

www.haaretz.com...

Ok, here it is, Israeli's find huge LNG deposit, Saudi's need huge LNG to make more money from oil, Lebanon say's it's in their waters, Israel say's they will use military force to defend it, and finally, Iran has said it will back up Syria, and Lebanon, if they are attacked, is it starting to make sense now, or am I completely off base here??? C'mon Man??

Its starting to sound like Shiites vs. Sunni's and Jews interesting prospects....

lol
How much of the deposit is in Israel's territory, and how much is in Lebanon?
This is stupid, what are we supposed to do now? Where was Lebanon all these years? Why not cooperate with Israel, build the gas rig together and then split the thing accordingly?
No, they waited for Israel to take all the risks, pay all the money, and now that we found it they're claiming it's theirs..
That's such bull#...
Besides, how can this be resolved? Split the gas deposit in half?
How stupid.
What if the people in Gaza find oil under Gaza, and then we come and say "No no no! Most of the oil deposit is under Israel, sorry guys!"
If they want it so much they should build their own oil/gas rig and pump it themselves..
Sheesh..


reply to post by RizeorDie

Originally posted by RizeorDie
by 2012 we'd probably have discovered some kind of a new energy that we dont need gas anymore.

Mmhm.. Fusion cores and what not..

[edit on 25-6-2010 by Eliad]

Here's a link to the U.S. Geological Survey estimate overview. This site has a pdf with pictures and a fairly good overview of what's currently known about the carbon resources.

pubs.usgs.gov...

[atsimg]http://files.abovetopsecret.com/images/member/f03bf821c009.jpg[/atsimg]

Looks like there could be an oil find in this as well.... Causing even more problems between Lebanon and Israel... No doubt...





online.wsj.com...

Alrighty, this just went to a whole new level...

First and foremost there is the ongoing battle as to who has the rights to this....

Now it's taken on a "BP" style deepwater drilling scenario, just look at this snippet as to how deep they are going for this gas find....

***Snippet from source:
1. "Leviathan Lower Oligocene Prospect. This is a Lower Oligocene prospect in a total depth of 5,800 m (19,029 ft), including water depth. Noble estimates gross unrisked mean resources at 3 Bboe, but due to the paucity of available data at this level, the geologic probability of finding hydrocarbons here is put at 17%".

2. "Leviathan Lower Cretaceous Prospect. The partners plan to deepen drilling to Lower Cretaceous layers, to a depth of around 7,200 m (23,622 ft), including water depth. Potential oil or gas resources in this target are 1.2 Bboe, but with only an 8% chance of a discovery".

"Drilling of Leviathan should take around five months. According to Delek, it will be in the deepest water depth plumbed to date off the coast of Israel".





www.offshore-mag.com... ines.html