One day after it was first pumped to Israeli shores, the valuable resource is flowing to a processing plant for use in the energy market.
Natural gas from the offshore Tamar field reached Ashdod on Sunday night after it was pumped to Israeli shores for the first time Saturday, four years after its discovery.
The Tamar deposit, discovered in 2009 some 90 kilometers west of Haifa, holds an estimated 8.5 trillion cubic feet of natural gas.
On Saturday, Prime Minister Benjamin Netanyahu hailed the development a “historic” and an “important day for the Israeli economy.” The natural gas was pumped from the field to a newly erected facility on the coast of Ashdod, connected to the gas field via pipelines laid out on the ocean floor, 150 kilometers long and 16 inches wide.
On Sunday, the gas finally reached the Ashdod processing plant from which it will start to flow into the Israeli market.
This newly harnessed resource promises to be a major boon to both the country’s public and private energy needs.
The gas from Tamar is expected to help meet Israel’s energy needs for the next 20 years, Channel 2 said, and will save the economy some NIS 13 billion (some $3.5 billion) per year. Its ahead-of-schedule use will also save Israeli citizens some cash — lowering a planned rise in electricity costs to 6 percent, less than originally planned.
The Tamar deposit, and especially the heftier Leviathan, which was discovered in 2010, are expected to provide Israel with enough natural gas for decades and transform the country, famously empty of natural resources, into an energy exporter.
Leviathan, which boasts an estimated 16 to 18 trillion cubic feet of gas, is expected to go online in 2016, the approximate time when exports are expected to begin.
The discoveries are just a portion of the huge reserves in the Levant Basin, which the United States Geological Survey estimated in 2010 holds some 122 trillion cubic feet of recoverable natural gas.