• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 22 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 6 mins Putin Paid Militants to Kill US Troops
  • 15 hours Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 23 hours Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 1 hour Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". 1 out of 5 Democrats admit it. How many Dem's believe it but will not admit it?
  • 18 hours Apology Accepted!
  • 14 hours Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 1 hour Is OilPrice a cover for Green Propganda
  • 16 mins In a Nutshell...
  • 15 hours The Political Genius of Donald Trump
  • 22 hours Why Oil could hit $100
  • 2 days Biden came out of his basement today (Thursday) and said , "we have 120 Million deaths from Covid 19.
  • 2 days U.S. natural gas at major disadvantage in Europe and China.
  • 20 hours Per most popular Indian websites it was Indian troops not Chinese troops breach of LAC that caused the clashes. If you know any Indian media that claim to the contrary please provide the link

Breaking News:

Japan Bets Big On Mozambique LNG

Why Power Companies Can’t Ditch Coal Just Yet

Why Power Companies Can’t Ditch Coal Just Yet

The electric industry’s decarbonization program…

Israel Fear for Natural Gas Fields as Syria Set to Receive Russian Missiles

Israel is concerned by reports that a delivery of Russian, supersonic anti-ship missiles are en-route to Syria, especially by the possibility that Lebanon’s Hezbollah could get its hands on the warheads, potentially providing a huge threat to its offshore natural gas fields.

In March Israel began production from its second largest gas field, the Tamar field off the coast of northern Israel. The development of the field, which is estimated to have reserves of 8-11 trillion cubic feet of natural gas, is handled by a joint operation between Nobel Energy, Delek Group, Isramco, and Dor Alon.

The largest Israeli natural gas reserve is the Leviathan field a little further out to sea; it is estimated to contain around 20 trillion cubic feet and will begin producing gas in 2014.

Related Article: Assad is Back, and Syrian Peace Will Be on His Terms

These offshore fields are considered to be a high priority strategic asset for Israel, which, since its founding in 1948 has had to rely on imports for most of its energy needs. The development of the two giant fields over the next few years is expected to not only supply Israel with enough gas to meet its own energy needs, but also turn the Jewish state into an energy exporter; which will then create revenues that will be vital to developing the country’s infrastructure and economy.

It means that the fields are incredibly important to Israel’s future, making them an enticing target to the nations many enemies, of which Hezbollah is the primary threat.

With the advanced Russian P-800 Yakhont supersonic anti-ship cruise missiles on their way to Syria, Hexbollah could launch attacks against Israel from its stronghold in southern Lebanon.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News