Israel-New natural gas producer in the Mediterranean

► In 2009 and 2010, major natural gas deposits were discovered offshore of Israel's port city of Haifa. ► They will satisfy a large portion of Israel's domestic energy consumption needs for a number of decades. ► The gas discoveries have created an opportunity to fundamentally change the country's energy policies. ► Additional discoveries may turn the Eastern Mediterranean region into a new source of natural gas and oil. ► Israel could become a supplier of natural gas to neighbors in the Middle East region, such as Jordan.