Middle East Economic Survey

VOL. LII

No 4

26-Jan-2009

israel

Tamar Gas Discovery Offers Hope To Israels Energy Sector

Noble Energy announced a significant natural gas discovery on 17 January at the Tamar prospect offshore northern Israel, with preliminary estimates indicating gross mean resources of over 3 tcf of natural gas, according to the US companys Chairman Charles Davidson. The estimated size of the discovery prompted celebrations in Israel last week, where a looming shortage of gas supplies...