The Houston-based Noble Energy Company, drilling for Israel's Delek fuel company, announced that it had discovered a huge deposit of natural gas at Leviathan gas field under the Mediterranean Sea near Haifa. Estimated to contain 16 trillion cubic feet of gas the Leviathan field is believed to be the largest deepwater gas discovery in a decade. Prime Minister Binyamin Netanyahu stated that this is a day of great optimism for the upcoming year. Lack of natural resources has been Israel's Achilles' heel Because of worries about antagonizing current relationships with Arab partners. Now Israel could become an exporter of energy, also having enough reserves to supply Israel's gas needs for 100 years.
