Israel as natural gas supplier
Israel as natural gas supplier
Over the next 15 years, Israel will provide 45 billion cubic meters (BCM) of natural gas to Jordan. This amounts to 3 BCM each year, which equates to nearly 70% of Jordan’s annual consumption. A memorandum of understanding was signed today by the two countries. These large quantities of natural gas come from offshore finds in the Leviathan and Tamar fields.
Israel’s Minister of Energy and Water, Silvan Shalom, stated that “At this time, Israel is becoming an energy superpower, which will supply the energy needs of its neighbors and strengthen its standing as a central source of energy supply in the region, and I welcome it.”
A similar agreement will grant the Palestinian Authority almost 5 BCM over 20 years.
What does this mean for Israel?
This development is very exciting for the nation of Israel. Being an important natural gas supplier could result in positive changes in regards to foreign relations. Furthermore, it creates revenue for the country.
Israel as a young country is relatively new to the oil and gas industry, so this provides valuable experience for her, as a player in this industry. This does not diminish Israel’s energy needs. Israel still has to rely on other countries for the vast majority of her oil supply.
Israel’s future energy independence
That’s where we come into play. Our mission is to find oil and gas onshore in Israel, for Israel. Zion’s founder, John Brown, believes God called him to help Israel in this way. We strive to provide Israel with the means to sustain her oil and gas needs, leading to energy independence. With a large enough find, that is an attainable goal.
Our new Megiddo-Jezreel license area is located in the Levant Basin, which is where the large offshore gas finds have been (see the USGS fact sheet here). With God’s favor, we hope to drill in the summer of 2015.
Sources:
Israel signs $15 billion gas deal with Jordan – the Times of Israel
Jordan signs MOU to buy $15b Leviathan gas – Globes
HIS words never change. Prayers from Indonesian believers in Christ. We hope someday we will have an Israeli embassy in my beloved country so that it’s getting more and more blessed. God bless Israel abundantly to be the light unto nations! Shalom Aleichem.
Amen, Diara! So grateful for your prayers.
God Bless Israel,, WHAT EVER IT TAKES!
Yes sir! God bless you too, Ron.
Praying God Bless You Ron, And Gods Blessings For Israel In All They Do. Amen