Netanyahu announces committee for advancing gas industries

February 19, 2012 13:38

Prime Minister Binyamin Netanyahu announced Sunday that he appointed Prime Minister's Office Director-General Harel Locker to head a committee for advancing Israel's natural gas sector both domestically and abroad.

The committee is tasked with incorporating the gas industry as a "growth engine" into the domestic economy. On the international front, the committee will work extensively on exports to east Asia and towards "promoting economic ties with various countries around the world."

Netanyahu said the committee would research the creation of new industries based on natural gas in Israel.

Israel has discovered a great wealth of natural gas in offshore reserves off the Mediterranean coastline. Netanyahu recently visited Cyprus where he discussed future energy cooperation as the two countries seek to exploit their respective reserves.

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