Energy resources are a hot commodity in the Levant Basin days, and with 1.7 billion barrels of recoverable oil, 122 trillion cubic feet of recoverable gas, and 5 billion barrels of natural gas liquids at stake, the Israeli defense ministry is asking for a "one-time budget increase" of about $760 million to boost its naval capacity in the Mediterranean Sea so it can better protect the country's offshore natural gas platforms.
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