Canada Free Press: Will Israel Sell its Natural Gas to China?

Several issues related to the production of natural gas in Israel’s exclusive economic zone (EEZ) have not yet been properly analyzed and no decision concerning them has been adopted. Some of these issues have economic as well as political strategic implications, and particularly as they are within an industry that is guided by long term policies and a contractual framework, it is important that they be considered thoroughly.

An inter-ministerial committee that looked into government policyregarding natural gas, headed by Director General of the Ministry of Energy and Water Resources Shaul Zemach, submitted its recommendations to the government, some of which deal with the ratio between exports and domestic Israeli consumption. They do not, however, prioritize the external markets (and in any event, the government has not adopted the recommendations). MORE