Monday, April 12, 2010

Huge Amount of Natural Gas Discovered in Levant Basin

Natural Gas Reserves in Levant Basin

Previously undiscovered natural gas have been found in the Levant Basin, with estimates of 122 trillion cubic feet available to be recovered, according to U.S. geologists. The Levant Basin is located in the Eastern Mediterranean.

According to the U.S. Geological Survey, the natural gas in the basin is considered "technically recoverable," which is a phrase meaning the existing practices and technology available to energy companies can tap into the reserves.

USGS Energy Resources Program Coordinator Brenda Pierce said this about the survey. "This assessment furthers our understanding of the world's energy potential, helping inform policy- and decision-makers in making decisions about future energy supplies."

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