Whose gas is it?
July 10, 2013 16:21
It is vital that development of Israel’s gas fields should move ahead rapidly
Protest against natural gas export521.
(photo credit:RONI SCHUTZER / FLASH 90)
At its regular Sunday meeting on June 23, the Cabinet decided to authorize the
retention of 60 percent of the country’s natural gas reserves, or 540 billion
cubic meters (BCM), for domestic use, with the remaining 40 percent to be
exported.The decision was carried by a vote of 18 to 3, with only
Environmental Protection Minister Amir Peretz, Communications Minister Gilad
Erdan and Health Minister Yael German opposing the move. Prime Minister Benjamin
Netanyahu said the decision would meet Israel’s natural gas needs for the next
29 years, and also add $60 billion in tax and royalty revenues over the coming