Leviathan gas field was initially discovered in 2010. It is among the largest offshore gas discoveries of the 21st century in the world and it is full of approximately two thirds of all the gas income discovered on Israel’s coast so far. The Leviathan field is the big promise of the nationwide, the local energy market as well as a financial development engine for the nation of Israel along with its citizens. The field is likely to hold up to 500-800 billion cubic meters of natural gas. This gas field is believed to be more than enough to satisfy household electricity requirements for over 40 years in Israel and still have enough for selling to other countries.
The development of the Leviathan gas field will give Israel security of energy; bring in thousands of billions of cash to the country’s treasury from payments and levies. It will also allow selling of natural gas to other countries in the area and toughen the Israel’s geopolitical status. The expansion of the Leviathan gas field is the biggest infrastructure project that has ever taken place in Israel’s history and financed by the private sector. The project is meant to reliably and securely transport immeasurable volumes of natural gas and condensate from the innards of the earth for decades to customers in the Israel’s market as well as in the export markets.
Leviathan gas field development include the drilling of production wells to a deepness of five kilometers under sea level, the putting down of a transmission pipe on the ocean floor and also the building of specialized processing services at the sea. This will be done according to the rules of the National Outline Plan (NOP) and in a manner that will keep away from using important land reserves.
The Leviathan gas field is anticipated to considerably raise the capability of supplying gas to the household market and it’s connection to the INGL pipeline will twofold the quantity of natural gas obtainable to the country of Israel. The connection will as well twofold the number of dispensation and conduction systems that transport natural gas and condensate from the sea to Israel. The connection is anticipated to make major changes in the home market. ahead of the reality that it will be probable to increase the electricity production based on natural gas (rising the usage of the existing consumers and the introduction of the new electricity producers), the new sectors ahead of the electricity producers will be capable of establishing themselves on the natural gas while knowing that it is a reliable and safe raw material that is locally made.
The Leviathan gas field is being placed as a local energy anchor that is capable of meeting the energy requirements of the neighboring countries as well as the global companies working in the area. The Leviathan associates are doing their best to place Leviathan as a local energy anchor that can supply enough energy the bordering countries as well as the international companies.
