Israel Wants Australian Help in Developing its LNG Sector

Israel has asked Australian LNG firms to develop its recently discovered large offshore natural gas reserves, media reports said.

"He said Israel wanted to expand its LNG industry and was interested in what Australia has to offer. The LNG industry is going to develop in Israel. They are crying out for technology and knowhow," Australia’s Financial Services Minister Bill Shorten told the Australian.

Mr Shorten said some international energy companies were wary of becoming involved in the Israeli industry for fear of getting offside with other Middle Eastern nations.

There was expertise in Australia that could be used to help develop the Israeli industry, he said. "After Qatar, Australia has the second biggest LNG industry in the world.