Gaza's hydrocarbon potential:
"Is the move the by the Israel Defense Forces in Gaza really about natural gas?
A statement of the Israeli defence minister leads to believe so. Israel’s attack on Gaza would be to control the gas and prevent Gaza from developing its offshore resources and hence strengthening economically. Does Israel need to attack Gaza to control its natural gas? This article will not discuss the motives of Israel’s assault or assess the veracity of the various allegations but will rather give a closer look at Gaza’s offshore riches.
USGS estimated the Levant basin to contain as much as 122 Tcf. A lot has been said about Israel’s giant 19 Tcf Leviathan field (recently even upped further) and Tamar 10 Tcf field. A lot has been said about Cyprus 5 Tcf (in gross mean resource) Aphrodite field and the island’s efforts to develop an onshore LNG facility to export the gas via LNG and attract neighbouring countries’ gas for processing and shipping. A lot has also been said about Lebanon’s struggle to launch its first licensing round and begin the exploration of its waters believed to contain as much as 95 Tcf of natural gas (and 850 million barrels of oil). Very little has been said about Gaza, however located in the same agitated Eastern Mediterranean currently experiencing a gas bonanza."
'via Blog this'
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