ISRAEL - More Natural Gas Discovered

Arno Froese

Greek energy producer Energean has discovered a further significant natural gas reserve off Israel’s coast, the company announced.

According to preliminary estimates, the latest discovery in the Karish North exploration field contains between 28 to 42 billion cubic meters (bcm) of natural gas.

The newly found gas will be added to the 45 bcm already discovered at Karish, and an additional 22 bcm identified at the Tanin gas field, also managed by Energean.

Drilling of the initial phase of the Karish North field is now complete, the company said. Energean will now deepen the well to identify additional energy sources. Once completed, Energean will return to drilling the three development wells at the Karish Main natural gas field.

“Following years of standstill, natural gas exploration resumed in Israel’s economic waters—and the company is already reporting an additional discovery,” said Energy Minister Yuval Steinitz.

Until large discoveries of natural gas were made off Israel’s coastline in recent years, few perceived the historically natural resource-poor Israel to be a significant source of energy.

Israel is now planning to supply former adversaries Jordan and Egypt with natural gas valued at $26 billion and plans to construct a 2,000-km. pipeline to supply Eastern Mediterranean gas to Europe.

Several major energy firms, including American oil and gas giant ExxonMobil, are reportedly considering competing for a new round of offshore exploration rights, the second auction of its kind in Israel., 15 April 2019

Arno's commentary

After decades of relatively unsuccessful drilling for oil on land, Israel has now discovered vast reservoirs of natural gas along its coastline. It is of great significance, so that international oil firms such as ExxonMobil are interested in further exploration. Gas in the water, but little to no oil on land.

Here we are reminded of God’s promise in Deuteronomy 8:7-9: “For the Lord thy God bringeth thee into a good land, a land of brooks of water, of fountains and depths that spring out of valleys and hills; A land of wheat, and barley, and vines, and fig trees, and pomegranates; a land of oil olive, and honey; A land wherein thou shalt eat bread without scarceness, thou shalt not lack any thing in it; a land whose stones are iron, and out of whose hills thou mayest dig brass.” There is no mention about the Great Sea (Mediterranean).

The prophet Joel too speaks of the land: “Be glad then, ye children of Zion, and rejoice in the Lord your God: for he hath given you the former rain moderately, and he will cause to come down for you the rain, the former rain, and the latter rain in the first month. And the floors shall be full of wheat, and the vats shall overflow with wine and oil” (Joel 2:23-24).

However, the fact that the nations are eager to invest and profit from Israel’s natural gas resources cast a prophetic shadow, such as Isaiah 61:6b: “ye shall eat the riches of the Gentiles, and in their glory shall ye boast yourselves.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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