Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market, according a draft government report.
Ari Rabinovitch Illustration only - Tamar platform offshore Israel (File Photo: Noble Energy)
Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market, according to a draft government report.
Fewer restrictions could attract more energy groups to explore Israeli waters, ensuring the country receives tens of billions of dollars in taxes and royalties, said a panel that recommends export policy.
Huge gas reserves discovered in the eastern Mediterranean over the past 12 years have turned Israel, a small market long-reliant on imported fuel, into an energy exporter.
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