An Italian utility company has thrown its hat into the ring to cash in on Israel's recently discovered offshore oil and natural gas fields, Automated Trader reports. Edison International signed a deal with the Israeli Ratio Oil Exploration Partnership for the rights to one-fifth of its Gal concession, and the option to purchase an additional one-fifth near the underwater natural gas field known as Leviathan. While the production potential of the Gal concession is still unknown, Leviathan is said to contain about 453 billion cubic meters of natural gas.
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There is a huge resources of natural gas in Israel founded. All countries show interest to work with Israel in natural gas fields.
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