A Canadian company, the Bontan Oil and Gas Company, based in Toronto, has found what could be up to $6 billion dollars worth off natural gas off the coast of Israel. This could mean even cleaner energy for Israel which has no formal diplomatic relations with its Arab neighbours who own oil. While natural gas is not the cleanest fuel out there, it does burn cleaner than oil.



The Jerusalem Post reports that the Canadian company had been exploring for natural gas off the coast of Israel, and announced yesterday that it had located what appears to be up to 6 trillion cubic feet of natural gas off Israel's coast in two separate sites.

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Worth up to $6 billion, a press release on the companyâ€™s website announced that it "will have an indirect 71.625% interest in these prospects via its 75% equity interest in the Israel Petroleum Company which has acquired a 95.5% interest in the drilling licenses as well as an adjoining exploration permit from the current operator subject to approval by the Government of Israel."

Article continues: http://www.greenprophet.com/2010/02/03/16923/natural-gas-israel-canada/