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Israel Reaches Out to US for Oil and Gas Development

OilPrice.com -- Israel Natural Gas Lines' is energetically courting US majors to develop its oil and gas industry, inviting firms specializing in exploration, production, pipeline construction, logistical services, workforce training and other related subsectors to join in the bonanza.

This week, Israel announced that construction has begun on a submerged turret loading buoy linking LNG imports to the country’s gas transmission system as the country seeks to become and LNG exporter.

According to the US Geological Survey, the Levant Basin Province in the Eastern Mediterranean holds a mean recoverable reserve of 122 trillion cubic feet (Tcf) of natural gas and 1.7 billion barrels of oil. The province straddles the maritime boundaries of Cyprus, Gaza Strip, Israel, Lebanon and Syria.

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Submitted Aug 28, 2012 By: NOTSOGRN
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bindox
Sophomore Author Chico

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I want kickbacks.
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heydano67
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good to have friends with skills
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5kvdave
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WHATEVER!!!!!!
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outlaw329
Champion Author Austin

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Message Posted: Aug 29, 2012 12:21:33 AM
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Keeping Israel as an allie is a very good thing to do!
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Dodge_Me
Champion Author Atlanta

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Message Posted: Aug 28, 2012 11:18:47 PM
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Hmm, is this such a good idea?
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rahcat
Champion Author Grand Rapids

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Message Posted: Aug 28, 2012 11:17:13 PM
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Hope US companies will help. It's obvious the Obama administration does not have Israel's back.
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Colts13
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Ok.
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camel1
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The US should exploit these resources and business opportunities
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big_mac64
Champion Author Tennessee

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Why not? More American jobs to train them!
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SHEP20715
Champion Author Maryland

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good
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Jeeputtputt
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WE got your back...
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vibdata
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Go get it but hurry before it evaporates.
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bvrbill
Champion Author Eugene

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Message Posted: Aug 28, 2012 10:53:00 PM
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Everyone wants a slice of the energy pie.

More Natural Gas in Isreal and other countries may help keep the price lower here.
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DCbeachbum
Champion Author South Carolina

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Message Posted: Aug 28, 2012 10:51:46 PM
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We need to assist Israel if we can. They are a very good friend to the US. Lord knows the US needs all we can get. The US has looked very weak for the past three years.
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FunMyster
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ok
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bra0712
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Oh
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DriverofRed
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k
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mstearno
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we'll need it after they bomb Iran
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beachmanglen
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I hope they find a large supply.
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clermont40miles
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Do it. Produce. Refine. Deliver.
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Aviator_Rob
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Message Posted: Aug 28, 2012 10:43:16 PM
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I hope the Israeli people have better luck dealing with Big Oil than the rest of us here in the U.S.

Big Oil will make sure to give them a good deal, right?
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mrbee
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Go for it.
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firefly09
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Okay.
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N4PIP
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I always wondered why you never heard about any development of the petroleum industry in Israel. It's about time.
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skb69sa
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Message Posted: Aug 28, 2012 10:35:53 PM
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I saw news about India two days back and now Israel. What's going on? We need our own natural resources to be used by us. No to foreign countries looking for our resources.
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g747
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MAY GOD ALWAYS ALWAYS BLESS THE CHILDREN OF ISRAEL!!!!!!!!!!!!!.
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CDMAuto
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OK
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petrpuck
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Hoy vey
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charladan
All-Star Author Virginia

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Keep us away from Israel. We don't need their problems.
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dchiou
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finally something that benefits us
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aggietim
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ok
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BoerneWatch
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Smart. Just plain smart.

Wonder if our government would do the same?
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bonzoonfmb
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That would become a volatile situation as sitting inside a house filled with natural gas.
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Marson
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Interesting.
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jb107
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Give help where help is needed.
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toadNY
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Don't you just love Ok?
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mcmonsta
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help the ally that helps us
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toadNY
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Ok.
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toadNY
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Ok.
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toadNY
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Ok.
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toadNY
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Ok.
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wayoung56
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Interesting article...
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toadNY
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Ok.
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rwe930
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kosher oil
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suzmar
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This administration is not interested in helping Israel.
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Mustache_33
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hmm
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serrog
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wow
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Lets see that the US companies help out Israel.
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Chas58
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Brother, will you lend me a hand?
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Right
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