Globes: Tzemach Committee to Recommend Allowing Gas Exports

Israel will permit the export of natural gas beyond a basic amount that it will retain as a national reserve, under the recommendations of the Tzemach committee on the structure of the future gas economy. The recommendations are due to be published in the next few weeks.

Discussions have been taking place recently between the Ministry of Energy and Water Resources and the Ministry of Finance in an attempt to decide how much gas will be allowed to be exported. Sources inform Globes that the Ministry of Finance is pressing to enlarge the amount beyond 10 billion BCM annually, seeking to maximize the economic benefit of the gas and to encourage further developers to come into the market. MORE