web analytics
December 19, 2014 / 27 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
Cinema City Iron Man Theater in Jerusalem. (illustrative)
US Govt IDs North Korea in Sony Cyber Terror Attack
Latest News Stories
New York police responded instantly to a call for help and saved countless lives at "770" Eastern Parkway.

A Chabad rabbinic student stabbed in “770″ has returned home from the hospital.

Arabs attacked an Israeli bus traveling between Arad and Be’er Sheva along Highway 31 Thursday evening.

The UN General Assembly approves resolution to refer N. Korea to the Intl Criminal Court at The Hague.

Hanukkah menorah lighting at 2014 terror attack site in Gush etzion.

Israeli soldiers stand guard near large public menorah near the site where Dalia Lemkus, 26, was stabbed to death at a bus stop near the entrance to Alon Shvut last month.

US teachers are learning “3-D printing” from the Dept. of Defense.

U.S. lawmakers were divided, but many upset, about Pres. Barack Obama’s secret talks that restored full relations with Cuba.

Harvard announced it will “look into” its boycott of SodaStream. But will it remove the boycott?

PM Binyamin Netanyahu warns he will not allow the UN Security Council resolution on behalf of the PA to endanger Israeli citizens.

Israeli soldiers holding (and eating) ‘sufganiyot’- doughnuts traditionally eaten on Hanukkah, as they pose for a pictures on the 2nd night of Hanukkah at a candle lighting ceremony held near the Gush Etzion junction. This particular lighting ceremony was held at a memorial spot in commemoration of the three Jewish teenagers who were kidnapped and […]

Excavations also turned up hidden tunnels dug by Jewish rebels in the period of the Bar Kokhba Revolt.

Is Sydney also going to turn out the lights on Christmas trees?

25-year-old man threatened former Shas party head with violence.

Are machine gun shots all night long and the death from a “work accident” not enough evidence for the EU court?

“It was crucial to my survival knowing that I was not forgotten.“

More Articles from Jewish Press News Briefs

Arabs attacked an Israeli bus traveling between Arad and Be’er Sheva along Highway 31 Thursday evening.

The UN General Assembly approves resolution to refer N. Korea to the Intl Criminal Court at The Hague.

US teachers are learning “3-D printing” from the Dept. of Defense.

After 5 years in jail, Cuba has released Jewish-American Alan Gross.

In the boy’s bag police found a Chanukiah, oil candles and matches.

The European Jewish Congress (EJC) has expressed outrage over the removal of Hamas from the European Union’s list of officially designated terror organizations, after the European Court of Justice in Luxemburg accepted an appeal filed by Hamas against its inclusion in the list. “We have reached a new low in moral relativity if an organization […]

“We are not satisfied with the European Union’s explanation that the removal of Hamas from its list of terrorist organizations is a ‘technical matter,” ‘Prime Minister Benjamin Netanyahu said on Wednesday following the decision of the General Court of the European Union. “The burden of proof is on the European Union and we expect it […]

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: