Arab Today, arab today israeli cabinet approves exporting 40 of natural gas
Last Updated : GMT 15:15:16
Arab Today, arab today
Arab Today, arab today

Israeli cabinet approves exporting 40% of natural gas

Arab Today, arab today

Arab Today, arab today Israeli cabinet approves exporting 40% of natural gas

Jerusalem - XINHUA

The Israeli cabinet approved on Sunday the decision to export 40 percent of Israel\'s natural gas, according to a statement by the Prime Minister\'s Office. Israel will then, according to the decision, keep 60 percent of its estimated gas reserves, which means approximately 540 billion cubic meters (BCM) of natural gas for Israeli market in the next few decades. In 2012, the Israeli economy consumed seven billion BCM of natural gas. The decision to export natural gas will, in the meantime, satisfy exploration companies seeking access to the global market. Government\'s projections show that the sum of money from royalties could amount to 60 billion U.S. dollars in the next twenty years. \"The State of Israel has received a gift from nature -- gas in vast quantities,\" Prime Minister Benjamin Netanyahu said during the Sunday cabinet meeting, referring to the substantial natural gas reservoirs discovered off the shores of Israel in the past several years. \"Thanks to the decision we made today, every Israeli citizen will enjoy this gift. We will lower the cost of living in the electricity sector via this gas, that will flow into the Israeli economy and invest in the public welfare with the profits from the gas exports,\" he said. But there is also public criticism over the move. On the one hand, the figure of 40 percent is lower than the 53 percent that the Tzemach Committee, an inter-ministerial committee recommending the government\'s gas policy has recommended to release for export. A higher rate of export serves the interests of gas and energy exploration companies, who operated a strong lobby in order to increase the quota for export. On the other, Israeli environment activists insisted the country needs to retain the natural gas and use it for its needs before exporting it to other countries. Social activists also opposed exporting Israel\'s natural gas, claiming it is giving away the country\'s resources to the highest bidder instead of sharing the wealth with Israel\'s citizens, who, in fact, own the natural resources.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today israeli cabinet approves exporting 40 of natural gas Arab Today, arab today israeli cabinet approves exporting 40 of natural gas

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today israeli cabinet approves exporting 40 of natural gas Arab Today, arab today israeli cabinet approves exporting 40 of natural gas

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday