Israel a new target for shale gas

13 January 2011

Adira Energy assessing "significant" onshore shale-gas potential

SHORTLY after finding the large offshore Leviathan gasfield, exploration for on-shore shale-gas deposits in Israel is under way. Canada's Adira Energy is targeting the Hula Valley, in the north of the country.

The company says its assessment should be finished by year-end, when it will start drilling three wells. Drilling on the Eitan block, near the head of the Jordan River, would take three to four months, with coal deposits also a possible resource.

Ilan Diamond, chief executive of Adira, says the area has potential for "significant regional supply and power generation to feed Israel's hydrocarbon hungry ...

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