ISRAEL DISCOVERS THIRD MASSIVE NATURAL GAS FIELD ‘ROYEE’

The new field, some 90 miles off Israel’s coast in the eastern Mediterranean, holds at least 3.2 trillion cubic feet (TCF) of gas, according to a 3D seismic survey. Two larger fields, discovered in 2009 and 2010, have combined reserves of at least 33 trillion cubic feet. These fields are expected to serve the bulk of Israel’s gas needs for the coming century. Experts say that further exploration will likely uncover other sizeable fields in Israel’s deep offshore waters.

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