http://www.bloomberg.com/news/2012-0...cs-energy.html

Israel, reliant on imported energy since the state’s foundation in 1948, now has more natural gas than it can handle.
Noble Energy Inc. (NBL), Delek Group Ltd. (DLEKG) and other explorers have discovered enough gas under the Mediterranean Sea to supply Israel’s needs for 150 years. To profit from the finds sooner, the companies want to export the gas by pipeline or ship. As the Ministry of Energy prepares to publish a blueprint for developing the fields later this month, officials say the country’s economy and security must come first and shipments abroad should be limited.......

Now recall I recommended NBL and others 2 years ago, doing great, but the pipeline and cable projects underway to Greece have untold profits as they will be the new supplier to the EU, and everyone thought Greece was broke.......oh the Lord works in mysterious ways.Hint, research the Cyprus Greece EU financing in the works......

More: http://www.oilinisrael.net/