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But, as gas expert Charles Ellinas told the Cyprus Mail, in order for Noble to pour serious cash into the project they would first need to line up export markets, as Israel alone cannot absorb all of the Leviathan gas.
Leviathan 63 is beautiful in every sense of the word and Aydan and Addy are proud to be her passengers across America in their book series," Roberts says.
Israel's Anti-Trust Commissioner David Gilo revoked the agreement that allowed the partners to retain the Leviathan offshore licenses for the sale of the smaller Karish and Tanin licenses.
Together, the Leviathan and Tamar fields hold an estimated 800 billion cubic meters of gas, according to Noble.
The decision, pending a confirmation hearing, effectively dismantles the monopoly held by Noble and Delek over Leviathan and Israel's smaller offshore gas findings.
Natural gas discoveries so far in the Cyprus' Exclusive Economic Zone, which amount to 5 trillion cubic feet from block 12, cannot render a natural gas liquefaction plant sustainable, a press conference has heard, and consequently Nicosia has embarked on talks with Noble-Avner over the possibility of transferring Leviathan gas to Cyprus, which would sustain the operation of an LNG plant.
However, Leviathan left me cold, bored and completely bewildered.
Late in the day, Leviathan abruptly becalms itself to ponder a fisherman at rest.
Leviathan was discovered in 2010 and estimates to hold 17 trillion cubic feet of gas.
Leviathan and two smaller offshore gas fields not only could make Israel self-sufficient in gas needs, but could also mean a bonanza in royalties and tax revenues for the government.
Not only is the author's style pugnacious, his reading of Leviathan is revolutionary.
NYSE: NBL), Houston, has announced a significant natural gas discovery at the Leviathan exploration prospect offshore Israel.