Exploring the Potential of Israel's Mediterranean Natural Gas Reserves

The discovery and exploration of natural gas in the Mediterranean Sea have significantly impacted the energy sector, especially for Israel. This article delves into the expected output from Israel’s natural gas sites and the implications for the electricity market and private power plants.

Introduction to the Natural Gas Discovery

The advent of new technology and innovative exploration methods has brought about a significant discovery of natural gas reserves in the Mediterranean Sea, primarily off the coast of Israel. This discovery has not only increased the nation's energy independence but has also revolutionized how energy is generated and consumed within the country.

Fallout of Sustainable Electricity Generation

The exploration and development of these natural gas sites have led to a considerable decrease in the cost of electricity generation. This reduction has translated into lower electricity prices for consumers, making energy more affordable and accessible. Additionally, the newfound access to natural gas has facilitated the development of efficient private power plants, further enhancing the robustness of Israel's energy portfolio.

Investment in Exploration and Development

Recognizing the potential of these natural gas reserves, Israeli companies, particularly Delek Drilling, have invested billions of dollars in exploring and developing the Tamar and Yam Tethys fields. The Leviathan Project and the expansion of the Tamar Project are now in the pipeline, with plans to invest billions more shekels in their development. These efforts underscore the commitment to tapping into Israel's vast energy resources.

Output from Tamar and Future Projections

The Tamar reservoir is particularly noteworthy, as it has the capacity to produce over 30 million cubic meters of natural gas per day. Since 2013, the Tamar field has been supplying more than 20 BCM (billion cubic meters) of natural gas to the Israeli market. This substantial output has been achieved through a robust and efficient supply chain, ensuring that the natural gas reaches consumers in a timely and reliable manner.

Leviathan Crop of the Future

The Leviathan reserve, expected to commence operations by the end of 2019, is expected to provide an additional surge in natural gas production. This will not only meet but also exceed the current demand, providing ample resources for all stakeholders involved. The potential of the Leviathan reserve to inject new life into the Israeli energy market cannot be overstated.

Facia: The Conclusion

In conclusion, the exploration and development of natural gas reserves in the Mediterranean Sea are essential for Israel's energy security and economic development. The partnership between Israeli companies and the government is paving the way for a more sustainable and efficient energy future. As the Leviathan Project moves forward, it is evident that Israel is poised to become a major player in the global natural gas market.

References: Delek Drilling Corporation