Netanyahu: 40% of natural gas finds to be exported

Yacimovich slams 'robbery' of resource that belongs to public; vows to take issue to High court of Justice.

June 19, 2013 17:00
PM Netanyahu announces decsion on gas exports

Netanyahu flanked by Fischer, Shalom and Lapid 370. (photo credit: Amos Ben-Gershom/GPO)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


Prime Minister Binyamin Netanyahu announced Wednesday that 40 percent of Israel's natural gas reserves would be exported, 13% less than the the Zemach Committee, tasked with exploring the issue, recommended.

Netanyahu said that the 60% of natural gas preserved for domestic use would serve Israel's needs for the next 25 years.

The prime minister added that the "gift from nature" would bring Israel $60 billion over the next 20 years, with the state receiving 60% of export revenues.

Opposition leader Shelly Yacimovich called the government's decision "a robbery of the Israeli public," and vowed to take the issue to the High Court of Justice.

"The gas reserves, which belong to all of the state's citizens, can grant the country energy independence, a dramatic drop in energy and water prices, the developing of a new industry, a great contribution to the quality of the environment, social prosperity and a great strengthening of the state's security," the Labor leader stated.

Yacimovich said the decision to give up 40% of Israel's gas reserves is an example of Netanyahu and Lapid's failure to listen to the Israeli public.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Holland Park’s forest, north of Eilat.
August 11, 2014
Promising trend of prosecution for environmental crimes, officials say