web analytics
April 28, 2015 / 9 Iyar, 5775
At a Glance
News & Views
Sponsored Post


Natural Gas Magnate Says Gov’t Can Pocket Billions from Exports


The government can expect to rake in billions of dollars from natural gas exports in the next 20 years, claimed Yitzchak Tshuva, controlling shareholder of Delek, which is a major partner in the Nobel Energy consortium that has begun pumping gas from its off-shore oil discovery.

Opposing views are trying to prohibit exports, arguing that Israel should make sure it has enough gas for domestic use before exporting.

Tshuva told a business conference on Sunday that it is possible to keep gas reserves for the country while exporting, the Globes business website reported.

“The government should encourage gas exploration deals in Israel, and ensure that more companies, both Israeli and foreign, will enter the industry,” he said. “More companies means more drilling, and Israel will strengthen its position as an important player in the field. It should be remembered that the government’s take from the gas industry, from taxes and royalties has been set at 60%, which means that the Israeli public and the state’s treasury are the main beneficiaries of the industry’s success.”

He also asserted that Israel ill have more “geopolitical power” by virtue of its exporting natural gas.

The Delek-Noble consortium discovered the huge Leviathan energy field in 2010 and it is estimated  to contain 18 trillion cubic feet of natural gas

Yigal Landau, CEO of Ratio Oil Exploration, told Israeli radio on Sunday, “The domestic market is small and limited” and that agreements have been closed with other companies have guaranteed a local supply for years.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Natural Gas Magnate Says Gov’t Can Pocket Billions from Exports”

  1. This is good news for the people and the economy of Isreal!

  2. First to suply completely domestic use and than to start to export, the problem is when the suply for exports could raise the prices to domestic use.

Comments are closed.

Current Top Story
Desperate crowd awaits relief aid at Yarmouk Palestinian refugee camp in Damascus.
US: UNRWA Gets Add’l $6M for Yarmouk ‘Palestinians,’ Only $10M for Nepal
Latest News Stories
Desperate crowd awaits relief aid at Yarmouk Palestinian refugee camp in Damascus.

The US has given more than $57M to UNRWA for ‘Palestinian’ refugees in Syria in 2015 alone, but only pledged $10M for Nepal?

Arab stone throwers lightly injured a person near the Husan Bypass in Gush Etzion.

People  returning from Nepal.

On Monday, 2 El Al planes flew out carrying out more than 200 doctors, sanitation engineers, machinery technicians, as well as medical equipment including oxygen tanks, medical ventilators, X-ray machines, medicines and engineering equipment…

Sen. Rand Paul at the Western Wall in 2013.

“How do you explain your position in a way that they will stop writing that you’re an anti-Semite?” asked the Yated Ne’eman editor-in-chief.

UNRWA is proud because Hamas only stored mortars in their schools, not rockets, according to the UN inquiry.

U.S. officials have acknowledged that Iran-supported Shiite violence in Iraq and Yemen has been influencing the talks between the U.S. and Iran on the latter’s nuclear program

12:46 PM: Now this is interesting: A Syrian army source told the Lebanon news outlet, Elnashra: A number of rockets were launched at IDF positions near the border. Syrian rebel forces then launched mortars at the source of the Syrian rocket fire. The Syrian army is on high alert in readiness for an Israeli assault. […]

German Soccer fans were told to stop waving their Israeli flags.

The UN’s BOI report about the 2014 Gaza War documents the exploitation by Hamas of UN facilities.

The Russian government’s plan to rid the capital Moscow of swastikas and everything else of Nazi origin, in time for Victory Day.

Since 2014, the Border Police have become a favorite target for Arab terrorists.

Miller would like a chance to tell the court it’s time to “put the Jews on trial where they belong.”

Two Israelis were hurt in road terror attacks Monday, and a 16 year old Arab teen was shot while attacking a motorist.

The Brooklyn neighborhood of Borough Park holds the record for the highest birth rate in New York City in 2013.

The death toll continues to rise following earthquakes in Nepal as rescue workers fight the clock.

Ready for the big news? George W. Bush doesn’t think much of Barack Obama’s foreign policy decisions.

More Articles from Jewish Press News Briefs
Iran’s aggressively expanding posture across the region. (Google map; author annotation.)

U.S. officials have acknowledged that Iran-supported Shiite violence in Iraq and Yemen has been influencing the talks between the U.S. and Iran on the latter’s nuclear program

IDF soldiers outside Majdal Shams in the Golan Heights. (Archive)

12:46 PM: Now this is interesting: A Syrian army source told the Lebanon news outlet, Elnashra: A number of rockets were launched at IDF positions near the border. Syrian rebel forces then launched mortars at the source of the Syrian rocket fire. The Syrian army is on high alert in readiness for an Israeli assault. […]

German Soccer fans were told to stop waving their Israeli flags.

The UN’s BOI report about the 2014 Gaza War documents the exploitation by Hamas of UN facilities.

Miller would like a chance to tell the court it’s time to “put the Jews on trial where they belong.”

The Brooklyn neighborhood of Borough Park holds the record for the highest birth rate in New York City in 2013.

Biotech giant and cash-rich Gilead Sciences will open a marketing office in Israel, Globes Business news reported, making the company the first new generation American biotech firm to do so in the country. NewPharm in Israel markets Gilead’s products to the tune of tens of millions of dollars year, and the local company said Gilead […]

Printed from: http://www.jewishpress.com/news/breaking-news/natural-gas-magnate-says-govt-can-pocket-billions-from-exports/2013/05/19/

Scan this QR code to visit this page online: