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Israel Reaches Out to US for Oil and Gas Development

OilPrice.com -- Israel Natural Gas Lines' is energetically courting US majors to develop its oil and gas industry, inviting firms specializing in exploration, production, pipeline construction, logistical services, workforce training and other related subsectors to join in the bonanza.

This week, Israel announced that construction has begun on a submerged turret loading buoy linking LNG imports to the country’s gas transmission system as the country seeks to become and LNG exporter.

According to the US Geological Survey, the Levant Basin Province in the Eastern Mediterranean holds a mean recoverable reserve of 122 trillion cubic feet (Tcf) of natural gas and 1.7 billion barrels of oil. The province straddles the maritime boundaries of Cyprus, Gaza Strip, Israel, Lebanon and Syria.

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Submitted Aug 28, 2012 By: NOTSOGRN

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bindox Sophomore Author Chico Posts:132 Points:42,165 Joined:May 2012	Message Posted: Aug 29, 2012 11:59:14 AM Ignore bindox Report Abuse I want kickbacks.
heydano67 Champion Author California Posts:1,646 Points:353,535 Joined:Feb 2012	Message Posted: Aug 29, 2012 12:21:55 AM Ignore heydano67 Report Abuse good to have friends with skills
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: Aug 28, 2012 10:58:53 PM Ignore 5kvdave Report Abuse WHATEVER!!!!!!
outlaw329 Champion Author Austin Posts:7,601 Points:1,371,255 Joined:Aug 2008	Message Posted: Aug 28, 2012 10:21:33 PM Ignore outlaw329 Report Abuse Keeping Israel as an allie is a very good thing to do!
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,230 Joined:Mar 2006	Message Posted: Aug 28, 2012 9:18:47 PM Ignore Dodge_Me Report Abuse Hmm, is this such a good idea?
rahcat Champion Author Grand Rapids Posts:2,448 Points:658,200 Joined:Jan 2010	Message Posted: Aug 28, 2012 9:17:13 PM Ignore rahcat Report Abuse Hope US companies will help. It's obvious the Obama administration does not have Israel's back.
Colts13 Champion Author Indiana Posts:1,555 Points:544,210 Joined:Mar 2011	Message Posted: Aug 28, 2012 9:08:40 PM Ignore Colts13 Report Abuse Ok.
camel1 Champion Author Minnesota Posts:8,250 Points:2,262,615 Joined:Jul 2006	Message Posted: Aug 28, 2012 9:07:10 PM Ignore camel1 Report Abuse The US should exploit these resources and business opportunities
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,590 Joined:May 2005	Message Posted: Aug 28, 2012 8:59:56 PM Ignore big_mac64 Report Abuse Why not? More American jobs to train them!
SHEP20715 Champion Author Maryland Posts:8,446 Points:1,710,845 Joined:Nov 2007	Message Posted: Aug 28, 2012 8:58:37 PM Ignore SHEP20715 Report Abuse good
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Aug 28, 2012 8:56:59 PM Ignore Jeeputtputt Report Abuse WE got your back...
vibdata Champion Author Massachusetts Posts:4,074 Points:846,275 Joined:Nov 2005	Message Posted: Aug 28, 2012 8:53:28 PM Ignore vibdata Report Abuse Go get it but hurry before it evaporates.
bvrbill Champion Author Eugene Posts:3,188 Points:514,625 Joined:Jul 2011	Message Posted: Aug 28, 2012 8:53:00 PM Ignore bvrbill Report Abuse Everyone wants a slice of the energy pie. More Natural Gas in Isreal and other countries may help keep the price lower here.
DCbeachbum Champion Author South Carolina Posts:2,637 Points:901,265 Joined:May 2010	Message Posted: Aug 28, 2012 8:51:46 PM Ignore DCbeachbum Report Abuse We need to assist Israel if we can. They are a very good friend to the US. Lord knows the US needs all we can get. The US has looked very weak for the past three years.
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Aug 28, 2012 8:49:53 PM Ignore FunMyster Report Abuse ok
bra0712 Champion Author Arizona Posts:3,649 Points:764,795 Joined:Nov 2008	Message Posted: Aug 28, 2012 8:48:52 PM Ignore bra0712 Report Abuse Oh
DriverofRed Champion Author Calgary Posts:2,153 Points:407,885 Joined:Dec 2011	Message Posted: Aug 28, 2012 8:48:35 PM Ignore DriverofRed Report Abuse k
mstearno Champion Author Dayton Posts:8,043 Points:1,727,235 Joined:Jan 2008	Message Posted: Aug 28, 2012 8:46:54 PM Ignore mstearno Report Abuse we'll need it after they bomb Iran
beachmanglen All-Star Author Tampa Posts:669 Points:491,950 Joined:Aug 2011	Message Posted: Aug 28, 2012 8:43:31 PM Ignore beachmanglen Report Abuse I hope they find a large supply.
clermont40miles Champion Author Cincinnati Posts:10,543 Points:1,767,935 Joined:Apr 2008	Message Posted: Aug 28, 2012 8:43:22 PM Ignore clermont40miles Report Abuse Do it. Produce. Refine. Deliver.
Aviator_Rob Champion Author New York Posts:3,776 Points:409,865 Joined:Mar 2012	Message Posted: Aug 28, 2012 8:43:16 PM Ignore Aviator_Rob Report Abuse I hope the Israeli people have better luck dealing with Big Oil than the rest of us here in the U.S. Big Oil will make sure to give them a good deal, right?
mrbee Champion Author Little Rock Posts:3,734 Points:2,461,680 Joined:Oct 2005	Message Posted: Aug 28, 2012 8:42:43 PM Ignore mrbee Report Abuse Go for it.
firefly09 Champion Author San Diego Posts:2,478 Points:712,720 Joined:Mar 2009	Message Posted: Aug 28, 2012 8:40:18 PM Ignore firefly09 Report Abuse Okay.
N4PIP All-Star Author Miami Posts:880 Points:415,295 Joined:Jan 2012	Message Posted: Aug 28, 2012 8:39:38 PM Ignore N4PIP Report Abuse I always wondered why you never heard about any development of the petroleum industry in Israel. It's about time.
skb69sa Champion Author San Antonio Posts:3,467 Points:706,625 Joined:Mar 2011	Message Posted: Aug 28, 2012 8:35:53 PM Ignore skb69sa Report Abuse I saw news about India two days back and now Israel. What's going on? We need our own natural resources to be used by us. No to foreign countries looking for our resources.
g747 Champion Author Mobile Posts:4,521 Points:929,670 Joined:Jul 2009	Message Posted: Aug 28, 2012 8:35:49 PM Ignore g747 Report Abuse MAY GOD ALWAYS ALWAYS BLESS THE CHILDREN OF ISRAEL!!!!!!!!!!!!!.
CDMAuto Champion Author Connecticut Posts:3,768 Points:749,690 Joined:Apr 2011	Message Posted: Aug 28, 2012 8:35:13 PM Ignore CDMAuto Report Abuse OK
petrpuck All-Star Author Hamilton Posts:559 Points:415,010 Joined:Nov 2011	Message Posted: Aug 28, 2012 8:31:46 PM Ignore petrpuck Report Abuse Hoy vey
charladan All-Star Author Virginia Posts:564 Points:446,265 Joined:Jun 2011	Message Posted: Aug 28, 2012 8:30:53 PM Ignore charladan Report Abuse Keep us away from Israel. We don't need their problems.
dchiou Champion Author San Jose Posts:2,811 Points:788,990 Joined:Feb 2007	Message Posted: Aug 28, 2012 8:29:49 PM Ignore dchiou Report Abuse finally something that benefits us
aggietim Champion Author Fort Worth Posts:1,746 Points:690,525 Joined:Oct 2008	Message Posted: Aug 28, 2012 8:28:48 PM Ignore aggietim Report Abuse ok
BoerneWatch Champion Author San Antonio Posts:15,521 Points:2,449,940 Joined:Oct 2005	Message Posted: Aug 28, 2012 8:27:30 PM Ignore BoerneWatch Report Abuse Smart. Just plain smart. Wonder if our government would do the same?
bonzoonfmb Champion Author Florida Posts:1,757 Points:640,400 Joined:Feb 2010	Message Posted: Aug 28, 2012 8:25:01 PM Ignore bonzoonfmb Report Abuse That would become a volatile situation as sitting inside a house filled with natural gas.
Marson Champion Author Scranton Posts:8,922 Points:2,073,185 Joined:Oct 2006	Message Posted: Aug 28, 2012 8:24:26 PM Ignore Marson Report Abuse Interesting.
jb107 Champion Author New Jersey Posts:9,534 Points:2,618,000 Joined:Sep 2005	Message Posted: Aug 28, 2012 8:23:21 PM Ignore jb107 Report Abuse Give help where help is needed.
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Aug 28, 2012 8:16:31 PM Ignore toadNY Report Abuse Don't you just love Ok?
mcmonsta Champion Author Honolulu Posts:3,207 Points:813,795 Joined:Sep 2009	Message Posted: Aug 28, 2012 8:16:00 PM Ignore mcmonsta Report Abuse help the ally that helps us
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Aug 28, 2012 8:15:54 PM Ignore toadNY Report Abuse Ok.
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Aug 28, 2012 8:15:34 PM Ignore toadNY Report Abuse Ok.
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Aug 28, 2012 8:15:23 PM Ignore toadNY Report Abuse Ok.
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Aug 28, 2012 8:15:14 PM Ignore toadNY Report Abuse Ok.
wayoung56 Champion Author Alabama Posts:2,780 Points:814,335 Joined:Oct 2006	Message Posted: Aug 28, 2012 8:15:05 PM Ignore wayoung56 Report Abuse Interesting article...
toadNY Champion Author Albany Posts:7,022 Points:1,509,250 Joined:Apr 2008	Message Posted: Aug 28, 2012 8:15:03 PM Ignore toadNY Report Abuse Ok.
rwe930 Veteran Author Alabama Posts:319 Points:388,910 Joined:Aug 2011	Message Posted: Aug 28, 2012 8:11:57 PM Ignore rwe930 Report Abuse kosher oil
suzmar Champion Author Texas Posts:2,208 Points:869,060 Joined:Jun 2006	Message Posted: Aug 28, 2012 8:08:14 PM Ignore suzmar Report Abuse This administration is not interested in helping Israel.
Mustache_33 All-Star Author Toronto Posts:900 Points:181,455 Joined:May 2012	Message Posted: Aug 28, 2012 8:04:30 PM Ignore Mustache_33 Report Abuse hmm
serrog Champion Author Nova Scotia Posts:5,544 Points:1,508,130 Joined:Oct 2008	Message Posted: Aug 28, 2012 8:03:24 PM Ignore serrog Report Abuse wow
TRAIN RIDER Champion Author San Bernardino Posts:9,062 Points:2,753,820 Joined:Oct 2004	Message Posted: Aug 28, 2012 8:03:05 PM Ignore TRAIN RIDER Report Abuse Lets see that the US companies help out Israel.
Chas58 All-Star Author Detroit Posts:947 Points:280,425 Joined:Mar 2011	Message Posted: Aug 28, 2012 8:02:45 PM Ignore Chas58 Report Abuse Brother, will you lend me a hand?
69Bonne Champion Author Gary Posts:1,130 Points:469,150 Joined:Sep 2005	Message Posted: Aug 28, 2012 7:59:14 PM Ignore 69Bonne Report Abuse Right