Globes Israel: Forget Gas Exports

British energy expert Nick Butler says Israeli gas is not competitive, and the government should take the industry in hand

"Forget about the myth that gas can be exported. The Israeli government paid too much attention to the claims of the gas developers, who said that gas could be exported. Now the government has to take matters into its own hands," says Nick Butler, former senior energy advisor to British Prime Minister Gordon Brown and former British Petroleum Group Vice President for Strategy and Policy Development. Butler is currently a visiting professor at King's College London and a consultant for various businesses and academic institutions. He has published many books and articles, and in the energy industry is considered someone who knows what he's talking about.

In a special "Globes" interview, Butler discusses the Israeli government's role in the natural gas discoveries, and how he thinks it should manage the industry. MORE