Repercussions from Israel's Natural Gas Find -Susan Kraemer
The Leviathan gas find tosses out Israel's previous relationship with the world.
The biggest deep-water gas find in a decade has enough reserves to supply Israel's gas needs for 100 years. Currently, 71% of Israel's electricity is fueled by imported Russian coal. Coal plants are fairly easily converted to burn natural gas.
With this find, Israel is not just energy independent, itself.
But customers from throughout Asia are now wooing the formerly friendless nation, desperate for fuels.
(Green Prophet)
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