Tuesday, January 25, 2011

Israel, US to Steal Lebanon Gas

Israel, with the help of US energy companies, is trying to exploit one of the world's largest gas fields, which mainly belongs to Lebanon.

Last month, US oil and gas producer Noble Energy announced that it has discovered two enormous natural gas fields, containing as much as 25 trillion cubic feet of natural gas, off the Mediterranean coastline.

The largest part of the discovery is the Leviathan gas field, which is believed to contain 16 trillion cubic feet of natural gas (valued at more than USD 95 billion) and, 4.2 billion barrels of oil.

The field is located in the joint regional waters between Lebanon and northern Palestine.

Lebanon contends that it owns a major part of Leviathan.'


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