Israel discovers more natural gas


JERUSALEM (JTA) — A natural gas reserve off the coast of Haifa is larger than first thought.

The Tamar 2 drilling site is nearly 30 percent larger than previously estimated and could reach 180 billion cubic meters, according to prospect partner Nobel Energy Inc., the Israeli business newspaper Globes reported. The value of the field could reach $30 billion.

The new estimate means the reserve could fill Israel’s natural gas needs for about 20 years, according to Globes.

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