This One Number Just Changed The Outlook For Global Natural Gas

This One Number Just Changed The Outlook For Global Natural Gas by Dave Forest, Pierce Points

The eastern Mediterranean is very quietly becoming one of the most important spots globally for natural gas. With recent mega-finds in places like Egypt and Israel holding the potential to change the supply picture for the region, and beyond.

But news this week suggests there may be some hiccups coming for development in this critical area.

That came from Israel. Where Platts broke the story that the much-touted Leviathan offshore natural gas discovery may not be as big as originally believed.

Industry sources told the news service that Israel’s government has just received a new report assessing reserves at Leviathan. And the numbers don’t add...