Israel’s Cabinet on Aug. 16 approved a deal with a U.S.-Israel consortium that would move forward development of the huge Leviathan natural gas field off Israel’s Mediterranean coast, officials said, Reuters reported. The deal still needs the approval of Israel’s parliament. Leviathan, with estimated reserves of 622 billion cubic meters, is slated to begin production in 2018 or 2019 and is expected to supply billions of dollars of natural gas to Egypt and Jordan in addition to supplying Israel. Stratfor provides global awareness and guidance to individuals, governments and businesses around the world. We use a unique, intel-based approach to analyze world affairs. Copyright © 2015 Stratfor Global Intelligence, All rights reserved. Our mailing address is: 221 West 6th Street Suite 400 – Austin, TX 78701, USA unsubscribe from this list update subscription preferences | forward email