-For the first time since the country’s establishment, Israel is now a power plant capable of supplying itself with all energy needs and thus achieving energy independence. At the same time, we are exporting natural gas to Israel’s neighbors [Egypt and Jordan], thus strengthening Israel’s position in the region, “Yossi Abu, CEO of Delek Drilling, told the Times of Israel.
The Leviathan field is located 125 kilometers west of Haifa and contains large amounts of natural gas and the participating companies estimate that there is also half a million barrels of oil.
The gas from Leviathan will replace imported, expensive and polluting coal in the production of electricity.