Offshore gas fields should be allowed to export no more than 40 percent of the natural gas they produce, Prime Minister Binyamin Netanyahu announced Wednesday. The Cabinet is expected to approve the recommendation at Sunday’s weekly session.
The limit is more restrictive than the 53 percent that was suggested by a committee set up to come up with proposals on how to manage Israel’s newly discovered energy fields, but opponents nevertheless protests in Tel Aviv Wednesday night, insisting all the gas should be kept in Israel for domestic needs in the future.
The Prime Minister, after consulting with Finance Minister Yair Lapid and Energy and Water Resources Minister Silvan Shalom, and Finance Minister Yair Lapid, said, “The State of Israel received a gift from nature in large quantities of natural gas…. We have jointly decided to significantly increase the amount of gas for Israel’s use. This will supply our needs for 25 years.”
He estimated that Israel will receive approximately $60 billion from the gas fields over the next 25 years.Jewish Press News Briefs
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.