Nothing To Do With The Bakken, But Of Interest To Some -- Israel Continues To Find More Natural Gas

Rigzone is reporting that Israel has found a third field of natural gas not previously part of the two off-shore fields that have recently been found:

The Karish field, off Israel's northern coast, contains "significant signs of natural gas," according to a statement from Delek Group Ltd., whose subsidiaries also control the large Tamar and Leviathan fields along with U.S.-based Noble Energy Inc.

Although it did not say how much natural gas may be in the Karish field, an earlier geological report estimated that the field could contain up to 2 trillion cubic feet. Delek said it would continue tests at Karish.

A growing number of recent gas discoveries have made energy independence a possibility in the near future for Israel, according to the energy ministry. The discoveries have also pushed up the value of the shekel against the dollar as local companies no longer need as much foreign currency to purchase energy from abroad, and the prospect of gas exports promises to bring more money into the economy...