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Israel may be soon exporting over 50% of its natural gas finds

Israel’s developing its new gas fields & is seeking to become less dependent on Egyptian gas imports. The Tzemach Committee on Energy Policy says Israel will legally be able to export 500 billion cubic meters of its newly found natural gas.

By Hezi Sternlicht & News Agencies

 

The Tzemach Committee on Energy Policy declared on Wednesday that Israel will legally be able to export 500 billion cubic meters of natural gas. The recommendation came as a surprise because an intermediary report by the committee referred to a considerably lower quantity of exportable gas.

Israeli-owned oil rig in the Mediterranean Sea.

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