Israel is a nation that has built its economy on downstream industries, being traditionally bare of natural resources and primary materials. Now, thanks to offshore discoveries of massive natural gas reserves, the tiny Mediterranean country is hoping to change that. Thanks to the estimated 2.1 billion cubic feet of natural gas lying in the Karish and Tanin gas fields, along with the previously-discovered Tamar and Leviathan deposits (found in 2009 and 2010, respectively), Israel is looking to become energy-independent for the first time in the nation’s history, and they’re not stopping there. The economically ambitious country is already organizing a push into foreign markets, becoming an exporter of natural gas. Back in 2016, Israel approved the sale of the Karish and Tanin fields to Greek gas exploration firm Energean Oil & Gas PLC in an effort to move a step closer to their goal of domestic energy independence. Now, […]