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The scramble for East Mediterranean gas is on

10/04/2010
By Eric Watkins
Israel's Prime Minister Benjamin Netanyahu, seeking to strengthen political ties with Europe, recently suggested to Greece's Prime Minister George Papandreou that his country could soon be importing natural gas by undersea pipeline from Israel.Netanyahu was referring to the newly discovered gas fields in the Mediterranean off Israel, where Noble Energy Inc. and its partners said a 3D seismic survey on the Leviathan structure found a reservoir that could contain an estimated 453 bcm of gas.The survey covered five sectors: Amit, Rachel, David, Hanna, and Eran, which are licensed to the Delek Group through Delek Drilling and Avner Oil Exploration with a joint 45% stake, Noble 40%, and Ratio ...
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