Friday, January 16, 2009


Thanks to the folks at Muqata who are doing a live blog of the events from Israel, I can report some good news (not war related) from Israel.

Natural gas has been discovered off the coast of Haifa and new drilling analysis finds that the initial estimates of 109 billion cubic metres were low. It appears there is much more!

The market value of 109 Billions cubic meters of natural gas is approximately 15 Billion dollars. (source, "Calcalist" Financial Website in Hebrew)

No comments: