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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 2:59:14 PM Ignore bindox Report Abuse I want kickbacks.
heydano67 Champion Author California Posts:1,681 Points:360,460 Joined:Feb 2012	Message Posted: Aug 29, 2012 3:21:55 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 29, 2012 1:58:53 AM Ignore 5kvdave Report Abuse WHATEVER!!!!!!
outlaw329 Champion Author Austin Posts:7,628 Points:1,376,520 Joined:Aug 2008	Message Posted: Aug 29, 2012 1:21:33 AM 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:558,480 Joined:Mar 2006	Message Posted: Aug 29, 2012 12:18:47 AM Ignore Dodge_Me Report Abuse Hmm, is this such a good idea?
rahcat Champion Author Grand Rapids Posts:2,483 Points:665,875 Joined:Jan 2010	Message Posted: Aug 29, 2012 12:17:13 AM 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:1,591 Points:551,135 Joined:Mar 2011	Message Posted: Aug 29, 2012 12:08:40 AM Ignore Colts13 Report Abuse Ok.
camel1 Champion Author Minnesota Posts:8,280 Points:2,268,565 Joined:Jul 2006	Message Posted: Aug 29, 2012 12:07:10 AM Ignore camel1 Report Abuse The US should exploit these resources and business opportunities
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,690 Joined:May 2005	Message Posted: Aug 28, 2012 11:59:56 PM Ignore big_mac64 Report Abuse Why not? More American jobs to train them!
SHEP20715 Champion Author Maryland Posts:8,486 Points:1,717,770 Joined:Nov 2007	Message Posted: Aug 28, 2012 11:58:37 PM Ignore SHEP20715 Report Abuse good
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Aug 28, 2012 11:56:59 PM Ignore Jeeputtputt Report Abuse WE got your back...
vibdata Champion Author Massachusetts Posts:4,090 Points:849,300 Joined:Nov 2005	Message Posted: Aug 28, 2012 11:53:28 PM Ignore vibdata Report Abuse Go get it but hurry before it evaporates.
bvrbill Champion Author Eugene Posts:3,238 Points:520,800 Joined:Jul 2011	Message Posted: Aug 28, 2012 11:53:00 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:2,647 Points:906,315 Joined:May 2010	Message Posted: Aug 28, 2012 11:51:46 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 11:49:53 PM Ignore FunMyster Report Abuse ok
bra0712 Champion Author Arizona Posts:3,675 Points:771,270 Joined:Nov 2008	Message Posted: Aug 28, 2012 11:48:52 PM Ignore bra0712 Report Abuse Oh
DriverofRed Champion Author Calgary Posts:2,188 Points:414,810 Joined:Dec 2011	Message Posted: Aug 28, 2012 11:48:35 PM Ignore DriverofRed Report Abuse k
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Aug 28, 2012 11:46:54 PM Ignore mstearno Report Abuse we'll need it after they bomb Iran
beachmanglen All-Star Author Tampa Posts:679 Points:498,600 Joined:Aug 2011	Message Posted: Aug 28, 2012 11:43:31 PM Ignore beachmanglen Report Abuse I hope they find a large supply.
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Aug 28, 2012 11:43:22 PM Ignore clermont40miles Report Abuse Do it. Produce. Refine. Deliver.
Aviator_Rob Champion Author New York Posts:3,810 Points:416,340 Joined:Mar 2012	Message Posted: Aug 28, 2012 11:43:16 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:3,769 Points:2,468,605 Joined:Oct 2005	Message Posted: Aug 28, 2012 11:42:43 PM Ignore mrbee Report Abuse Go for it.
firefly09 Champion Author San Diego Posts:2,502 Points:717,675 Joined:Mar 2009	Message Posted: Aug 28, 2012 11:40:18 PM Ignore firefly09 Report Abuse Okay.
N4PIP All-Star Author Miami Posts:915 Points:421,380 Joined:Jan 2012	Message Posted: Aug 28, 2012 11:39:38 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:3,502 Points:714,300 Joined:Mar 2011	Message Posted: Aug 28, 2012 11:35:53 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:4,551 Points:935,620 Joined:Jul 2009	Message Posted: Aug 28, 2012 11:35:49 PM Ignore g747 Report Abuse MAY GOD ALWAYS ALWAYS BLESS THE CHILDREN OF ISRAEL!!!!!!!!!!!!!.
CDMAuto Champion Author Connecticut Posts:3,806 Points:756,780 Joined:Apr 2011	Message Posted: Aug 28, 2012 11:35:13 PM Ignore CDMAuto Report Abuse OK
petrpuck All-Star Author Hamilton Posts:559 Points:420,360 Joined:Nov 2011	Message Posted: Aug 28, 2012 11:31:46 PM Ignore petrpuck Report Abuse Hoy vey
charladan All-Star Author Virginia Posts:564 Points:451,290 Joined:Jun 2011	Message Posted: Aug 28, 2012 11:30:53 PM Ignore charladan Report Abuse Keep us away from Israel. We don't need their problems.
dchiou Champion Author San Jose Posts:2,826 Points:795,465 Joined:Feb 2007	Message Posted: Aug 28, 2012 11:29:49 PM Ignore dchiou Report Abuse finally something that benefits us
aggietim Champion Author Fort Worth Posts:1,756 Points:694,975 Joined:Oct 2008	Message Posted: Aug 28, 2012 11:28:48 PM Ignore aggietim Report Abuse ok
BoerneWatch Champion Author San Antonio Posts:15,557 Points:2,456,865 Joined:Oct 2005	Message Posted: Aug 28, 2012 11:27:30 PM Ignore BoerneWatch Report Abuse Smart. Just plain smart. Wonder if our government would do the same?
bonzoonfmb Champion Author Florida Posts:1,792 Points:646,535 Joined:Feb 2010	Message Posted: Aug 28, 2012 11:25:01 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:8,962 Points:2,081,085 Joined:Oct 2006	Message Posted: Aug 28, 2012 11:24:26 PM Ignore Marson Report Abuse Interesting.
jb107 Champion Author New Jersey Posts:9,564 Points:2,624,075 Joined:Sep 2005	Message Posted: Aug 28, 2012 11:23:21 PM Ignore jb107 Report Abuse Give help where help is needed.
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Aug 28, 2012 11:16:31 PM Ignore toadNY Report Abuse Don't you just love Ok?
mcmonsta Champion Author Honolulu Posts:3,237 Points:820,495 Joined:Sep 2009	Message Posted: Aug 28, 2012 11:16:00 PM Ignore mcmonsta Report Abuse help the ally that helps us
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Aug 28, 2012 11:15:54 PM Ignore toadNY Report Abuse Ok.
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Aug 28, 2012 11:15:34 PM Ignore toadNY Report Abuse Ok.
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Aug 28, 2012 11:15:23 PM Ignore toadNY Report Abuse Ok.
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Aug 28, 2012 11:15:14 PM Ignore toadNY Report Abuse Ok.
wayoung56 Champion Author Alabama Posts:2,815 Points:821,260 Joined:Oct 2006	Message Posted: Aug 28, 2012 11:15:05 PM Ignore wayoung56 Report Abuse Interesting article...
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Aug 28, 2012 11:15:03 PM Ignore toadNY Report Abuse Ok.
rwe930 Veteran Author Alabama Posts:319 Points:391,160 Joined:Aug 2011	Message Posted: Aug 28, 2012 11:11:57 PM Ignore rwe930 Report Abuse kosher oil
suzmar Champion Author Texas Posts:2,213 Points:874,085 Joined:Jun 2006	Message Posted: Aug 28, 2012 11:08:14 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 11:04:30 PM Ignore Mustache_33 Report Abuse hmm
serrog Champion Author Nova Scotia Posts:5,579 Points:1,515,055 Joined:Oct 2008	Message Posted: Aug 28, 2012 11:03:24 PM Ignore serrog Report Abuse wow
TRAIN RIDER Champion Author San Bernardino Posts:9,092 Points:2,759,770 Joined:Oct 2004	Message Posted: Aug 28, 2012 11:03:05 PM Ignore TRAIN RIDER Report Abuse Lets see that the US companies help out Israel.
Chas58 All-Star Author Detroit Posts:979 Points:286,690 Joined:Mar 2011	Message Posted: Aug 28, 2012 11:02:45 PM Ignore Chas58 Report Abuse Brother, will you lend me a hand?
69Bonne Champion Author Gary Posts:1,165 Points:476,075 Joined:Sep 2005	Message Posted: Aug 28, 2012 10:59:14 PM Ignore 69Bonne Report Abuse Right