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Partners in Israeli Leviathan Gas Field Okay $3.75 Billion Investment


(Reuters) Developers of Israel's Leviathan natural gas field, discovered in 2010, said on Thursday they had approved a $3.75 billion final investment decision on the first phase of the largest energy project in Israel's history. $1 billion has already been invested in exploration and planning for the reservoir, located 100 km. (62 miles) west of Haifa. According to a development plan approved by the government in 2016, gas will be available by the end of 2019. The first stage will involve drilling four production wells at an average depth of 5 km. below sea level.
2017-02-23 00:00:00
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