yitzhak tshuva 311.
(photo credit: Delek group via Bloomberg)
A consortium led by billionaire Yitzhak Tshuva announced on Thursday that it has struck natural gas in a field called 'Leviathan' off the coast of Israel.
The field is estimated to contain 15 trillion cubic feet of gas and is the second large scale gas find in a month. Last month's find, in a field called 'Tamar', is thought to contain enough gas to supply Israel for the next twenty years.
Yitzhak Tshuva strikes gas
Speaking to Channel 2 news, Uzi
Landau, Minister of National Infrastructure said that
enough gas to supply all our needs for the next 50 to 70 years".
Yitzhak Tshuva is the owner of the Delek Group and a major player in
the consortium which made the latest find. Other partners include Noble
Energy and Razio.
Noble Energy are based in Houston, Texas and
say the neighboring Tamar field probably contains more then previously
estimated, about 8.4 trillion cubic feet, a 33 percent increase in the
Tshuva also says there may be an oil field beneath the gas.