Navy seeks $100m to protect new gas rigs

17.10.2011                      19.Tischrei. 5772                       Chol Hamo'ed 3

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Navy seeks $100m to protect new gas rigs

Israel’s discovery of large natural gas fields off its coast have raised tensions with Lebanon which claims that some of fields are in its sovereign waters.

The government is considering a plan to allocate $100 million to the Navy to enable it to purchase new ships which it will require to effectively protect future Israeli gas rigs in the Mediterranean Sea.
Under consideration is the possibility that the funds will be partially provided by the companies developing the gas fields off Israel’s coast, which are estimated to contain billions of barrels of natural gas.
Israel’s discovery of large natural gas fields off its coast has raised tensions with Lebanon which claims that some of the fields are in its sovereign waters….