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June 3, 2016 10:47 am

Israel Approves Development of Large Leviathan Offshore Gas Field

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Israel approved the development of the Leviathan offshore gas field, pictured. Photo: Twitter.

Israel approved the development of the Leviathan offshore gas field, pictured. Photo: Twitter.

Israel’s government on Thursday approved the development of the controversial Leviathan natural gas field that will give Israel a second source of gas supply while potentially turning it into a gas exporter.

Leviathan, one of the largest offshore discoveries of the past decade, was found off Israel’s Mediterranean coast in 2010. It has an estimated 622 cubic meters of natural gas (BCM) of reserves and is expected to become operational in 2019.

Read full story at Reuters.

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