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Some good news for Israel

January 22, 2009 12:22

By

Candice Krieger,

Candice Krieger

1 min read

An estimated $15 billion worth of natural gas reserves have been found at the Tamar-1 field off the coast of Haifa. The reserves — enough to keep Israel’s electric grid running for decades to come — resulted in a welcome boost to the TASE, which rose considerably.