web analytics
December 21, 2014 / 29 Kislev, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



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.

SocialTwist Tell-a-Friend

Current Top Story
Christian Israeli Kay Wilson and Mohammed "Zionist" Zoabi.
Christian Terror Victim Protected ‘Mohammed the Zionist’ from Terrorists
Latest News Stories
Police and the IDF find the vehicle and its driver suspected of having tried to run down Jews Thursday morning.

Bereaved family says hit-and-run death was terrorism.

Christian Israeli Kay Wilson and Mohammed "Zionist" Zoabi.

Anti-Zionist Arabs don’t always distinguish between Jews, Christians and Muslims.

Rami Levi will have to start paying minimum wage workers more money.

Elections, and not Netanyahu, raised the minimum wage.

Armed Palestinian Authority soldier, whom Abbas says he won't order to kill Jews but won't be able to stop him.

Palestinian Authority head says he can’t stop attacks on Jews.

Oscar-winner “Into the Arms of Strangers: Stories of the Kindertransport” has been selected for permanent preservation in the Library of Congress by the National Film Registry. The film, released in 2000, documents the rescue of some 10,000 predominantly Jewish children from Nazi-dominated Germany, Austria and Czechoslovakia in the months leading up to World War II. […]

Dr. Ben Carson is waiting for God to tell him if he should run for president.

Four arrested in crackdown on anti-assimilation group Lehava.

The decision of Uri Aril’s Tekuma faction to remain in the party and re-start a “Yesha faction” is a blessing.

PM Netanyahu lit the 5th Chanukah candle at the Kotel. We understand that he then sung a beautiful rendition of Maoz Tzur, but we unfortunately don’t have that on video.

It doesn’t pay to be a foreign volunteer soldier in the ISIS army.

This is the first flask of ritually pure olive oil made in 2000 years.

First Lebanon’s Hezbollah started the Second Lebanon War, now the UN wants Israel to pay Lebanon for damages.

Stern expressed dismay at Tzipi Livni’s merger with the Labor party.

The Islamic terrorist entered the police station and began stabbing policemen while yelling “Allah hu Akbar”.

Two girls in Kibbutz Nir Yitzchak were taking a selfie video when the rocket siren went off on Friday morning.

More Articles from Jewish Press News Briefs

It doesn’t pay to be a foreign volunteer soldier in the ISIS army.

This is the first flask of ritually pure olive oil made in 2000 years.

First Lebanon’s Hezbollah started the Second Lebanon War, now the UN wants Israel to pay Lebanon for damages.

Stern expressed dismay at Tzipi Livni’s merger with the Labor party.

The Islamic terrorist entered the police station and began stabbing policemen while yelling “Allah hu Akbar”.

Two girls in Kibbutz Nir Yitzchak were taking a selfie video when the rocket siren went off on Friday morning.

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: