web analytics
August 4, 2015 / 19 Av, 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
Tourist injured by Muslim mob on Temple Mount on August 4, 2015
Arabs Beat Up Tourist on Temple Mount [video]
Latest News Stories
Sgt. Jatemliansquy, originally from Argentina and now at home in Israel.

The Home Front Command for the first time has deployed female soldiers to guard the front lines in Shechem in Samaria.

Tourist injured by Muslim mob on Temple Mount on August 4, 2015

The tourist supposedly waved an Israeli flag, at which point the Muslim mob tried to kill him.

two phrases

The Obama administration also promises not sell F-35 to any other Middle East country – but for how long?

Meir Ettinger in a previous arrest.

Meir Ettinger, the Shin Bet’s most wanted Jew, is suspected of leading a national underground revolutionary movement.

Israelis enjoy kayaking in the Jordan river in Northern Israel on August 2, 2015, as temperature reached 47 degrees Celcius in some parts of Israel.

New York Democratic Congresswoman Kathleen Rice will vote against the Iran deal.

Arab terrorists threw firebombs at a Jerusalem car, severely burning the driver and two more people.

Some Israelis seem to have forgotten no one has yet tracked down the murderers of Ali Bawabsheh.

Americans oppose the Iran deal, and only a slight majority of Democrats support it.

Chuck Schumer’s office has received more than 10,000 phone calls over the past two weeks, all of them from groups and individuals opposed to the Iran nuclear deal.

Kerry reassures the Gulf States, who are gouging him for more arms and to force Israel out of Judea and Samaria.

Its so hot, the Arab threat to drive us into the sea don’t sound half bad…

No one was injured from the mortar fire that apparently strayed during clashes.

The gang attacked a Haredi man and then a religious couple with brass knuckles and a knife. The woman recited the Shema prayer.

The Muslims preacher is a permanent fixture on the Temple Mount to incite Muslims but finally has been arrested.

More Articles from Jewish Press News Briefs
Tourist injured by Muslim mob on Temple Mount on August 4, 2015

The tourist supposedly waved an Israeli flag, at which point the Muslim mob tried to kill him.

Israeli soldiers deployed at the Gaza security fence shot over the heads of Arabs who had approached the no-go zone Monday, Palestinian Authority media reported. No one was injured. Arabs frequently approached the security fence, usually with intentions to infiltrate into Israel or to carry out a terrorist attack on the spot. Palestinian Authority media […]

The body of missing Israeli back packer Dor Cohen has been found in Georgia.

An Israeli citizen is killed in Thailand while traveling from Pattaya to Bangkok.

A Gva’ot woman was hurt Sunday in a rock attack on her car by Arab terrorists in Samaria.

Drivers of the Jerusalem Light Rail system shut down the trains in a wildcat strike Sunday morning leaving tens of thousands people stranded. The drivers are protesting work conditions and the increased frequency of trains. The Transportation Ministry is deploying hundreds of additional buses to try to overcome the sadden lack of train service. CityPass, […]

Former liberal Democratic New York Congressman Gar Ackerman has come out four-square against the nuclear deal with Iran, Ackerman, who was New York City’s 7th District Congressman for 30 years until 2013 and is 72 years old, has joined the advisory board of Citizens for a Nuclear Free Iran. He stated Friday: While I have […]

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: