+1 407 337 0110 hello@redmeters.com

Israel’s natural gas breakthrough could spell huge changes for the future of energy trade, affect Middle East-U.S. oil relationships


April, 2017

M. DeHart

Follow by Email

Israel begins its largest infrastructure project to date.

When one thinks of the country of Israel,  the natural gas industry is not the first thing that comes to mind. However, in 2010 a natural gas exploration project, headed by Texas-based Noble Energy led to the discovery of two gas fields, Tamar and Leviathan, off Israel’s coast which could contain a total of 736 billion cubic meters of gas – almost enough to power the entire Unites States for a year.

The Levant basin is proving to hold huge natural gas reserves, causing arguments over maritime ownership.

Source: US Energy Information Administration

Tamar, the smaller of the two oil fields, has already begun pumping and exporting to Jordan. The considerably larger Leviathan field is still undergoing exploratory drilling. Thus far the Leviathan is estimated to hold anywhere between 500 and 620 billion cubic meters of gas. Such an enormous offshore hold was bound to be under dispute, and Lebanon has staked a claim on a portion of the Leviathan field. The northernmost area of the Leviathan field falls under long-disputed waters between Israel and Lebanon, but Israel is standing firm in its claim over the stores. In fact, despite potential setbacks Israel continues exploratory drilling of the area and has already begun construction for pumping oil from the Leviathan field.

Israel’s new reserves may spell out a change in world exports.

Lebanon asserts they should own a part of the Leviathan field, but Israel isn't backing down.

Source: Campsmum via Flickr

A long-standing ally of Israel, the potential arises to believe that the U.S. would move imports from its strained Arab nation associates to more stable grounds. In combination with Israel signing contracts for exporting, the Texas-based company Noble Energy is heading the exploration phase. With firm western presence already established, opening up trade channels is the logical step. The United States is already shrinking its oil imports from Saudi Arabia and Iraq, along with a number of other countries that stand in precarious political positions.  Severing trade with Arab neighbors would heavily impact the U.S.-Middle East relationships, perhaps widening the rift between the two and assigning Israel as the border wall. The looming question remains, how would their Arab counterparts respond?

  1. http://www.mining.com/web/how-the-us-is-shunning-saudi-oil-imports/
  2. http://www.haaretz.com/israel-news/1.774036
  3. http://www.thetower.org/4666oc-with-natural-gas-shipments-to-jordan-israel-becomes-energy-exporter/
  4. http://www.cfr.org/saudi-arabia/us-saudi-relations/p36524
  5. http://www.aljazeera.com/indepth/interactive/2017/03/disputed-gas-fields-eastern-mediterranean-170307170904483.html

1 Comment

  1. Mandalay City

    Highly energetic post, I liked that a lot. Will there be a
    part 2?



  1. URL - ... [Trackback] [...] Read More: redmeters.com/israel-natural-gas-changes-energy-future/ [...]

Submit a Comment

Your email address will not be published. Required fields are marked *

About Our Writers

Our Red Meters writing team is a focused and dedicated group of professionals committed to detailed reporting and analysis using quality sources. The team uncovers the most current, relevant, and thought provoking stories from the industries we work with and presents them through our Red Meters blog posts and spotlight pieces. The team also posts updates and photos about the exciting things that are always happening in industrial technology, including our own innovative real-time exact density meters, on our social media channels. Our meters are the new standard in density measuring technology, and our talented writers are ready to present news that enlightens, excites, and informs Red Meters readers. Find us on Twitter, Facebook, Instagram, YouTube, and LinkedIn.

6520 Pinecastle Blvd

Orlando, FL 32809 USA

+1 407 337 0110