Gas and oil have been detected at the Yam 3 well, 16km off the Israeli coast West of Ashdod. And now Egypt wants to buy natural gas from Israel.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000875180&fid=1725
http://www.globes.co.il/serveen/globes/docview.asp?did=1000874990&fid=1725
“Significant signs of gas”
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