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Homechevron_rightBusinesschevron_rightIsraels largest...

Israel's largest natural gas field starts operating: Ministry

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Israels largest natural gas field starts operating: Ministry
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Jerusalem: Israel has begun flowing natural gas from its largest gas field Leviathan to the country's transmission system, the Ministry of Energy announced on Tuesday.

The gas field was discovered in 2010 in the Mediterranean Sea and contains about 500 billion cubic meters of natural gas, the Xinhua news agency reported.

Leviathan has four production wells, from which the gas flows to a pipeline measuring hundreds of km long.

The gas field gives Israel's energy economy a much-needed redundancy in the sources of natural gas, enabling the export of natural gas to the neighbouring countries Egypt and Jordan and even Europe, according to the ministry.

"This is a festive day for Israel, an extremely important macro-economic and geopolitical event," said Israeli Minister of Energy Yuval Steinitz.

"Thanks to the development of Leviathan, Israel's citizens will earn tens of billions of dollars in the next 25 years," he added.

Notably, the start of the gas flow was accompanied by objections from environmental organisations and residents living near the shore, but the Israeli court rejected their petitions and allowed gas flowing.

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