Your email is not valid
Recipient's email is not valid
Submit Close

Your email has been sent.

Click here to send another

thescroll_header

Israel Could Become Energy Independent

Thanks to natural-gas deposits near Haifa

Print Email
(iStockphoto)

Israel could soon be ready to stop importing fuel, as energy companies there increase estimates of the size of a natural gas reserve on the Mediterranean coast near Haifa. Business Week is reporting that the reserve, originally discovered in January, holds a much larger store of natural fuel than originally thought, and the country can expect to begin using gas from this reserve in two years. Traditionally energy-poor, Israel will have paid $5 billion for fuel imports this year alone. Experts say it now looks to have enough fuel to sustain it for at least 20 years, while it undertakes further exploration in the region.

Israel Moves Toward Energy Independence [Business Week]

Print Email
2000

Your comment may be no longer than 2,000 characters, approximately 400 words. HTML tags are not permitted, nor are more than two URLs per comment. We reserve the right to delete inappropriate comments.

Thank You!

Thank you for subscribing to the Tablet Magazine Daily Digest.
Please tell us about you.

Israel Could Become Energy Independent

Thanks to natural-gas deposits near Haifa

More on Tablet:

Italian Politician’s Primo Levi Parody Panned

By Stephanie Butnick — Beppe Grillo under fire for anti-government poem based on ‘If This Is a Man’