Israel coffers took in NIS 744 million ($188 million) in 2014 royalties for offshore gas fields, a 39% increase over 2013, but far short from the NIS 3.2-3.4 billion expected in a few years.
By Yaakov Levi
Israel took in NIS 744 million ($188 million) in royalties for offshore gas fields – a 39% increase over the year before. That, however, is a drop in the bucket compared to the NIS 3.2-3.4 billion (about $750 million) expected by 2019, the Energy and Water Ministry said Sunday.
A natural gas rig west of Haifa, Israel. – Photo: Albatross Aerial Perspective/AP
The 2013 and 2014 royalties came mostly from the Tamar and Yam Thetis gas fields. Continue Reading »
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