Sunday, June 17, 2012

News: Israel Starts Receiving Natural Gas

News that I wouldn't expect the Huffington Post to cover, but still worth sharing:
"A US Israeli consortium began supplying Israel with natural gas from its offshore Pinnacles well on Wednesday to help stave off a national energy shortage expected this summer.
"Texas-based Noble Energy, which leads the Pinnacles group, said they were starting to supply Israel with 150 million cubic feet of gas per day almost a month ahead of schedule.
"Though limited in resource size, this well will provide much-needed gas production rate just in time for the hot summer months," the company said in a statement.
"The new supplies will replace more expensive and dirtier fuels Israel has had to turn to, like diesel and fuel oil, and save the economy about $170 million this summer, Noble said.
The $105 million Pinnacles project is located about three kilometers from Noble's Mari-B platform, which is 25 km from the coast and has been supplying Israel with most of its gas."
This will make up for the loss Israel suffered when Egypt suspended their gas sharing agreement.

1 comment:

  1. and SLAM goes the door in Egypt's FACE!

    ReplyDelete

Hey guys we've started to employ a slight comment policy. We used to have completely open comments but then people abused it. So our comment policy is such: No obvious trolling or spamming. And be warned: unlike the Huffington Post we actually enforce our comment policy.