Netanyahu reviews Israel’s natural gas export policy

Lazar Berman is The Times of Israel's diplomatic reporter

View of the Israeli Leviathan natural gas field gas processing rig as seen from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90/File)
View of the Israeli Leviathan natural gas field gas processing rig as seen from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90/File)

Prime Minister Benjamin Netanyahu held a review of Israel’s natural gas export policy, the PMO says in a statement.

Energy Minister Israel Katz presented the country’s current gas reserves, export volume, and demand forecasts for the next 25 years. They also discussed the political benefits and means of exporting gas to Mediterranean countries and further into Europe.

Netanyahu ordered the establishment of a team consisting of the Energy and Finance ministries, as well as the National Economic Council, to examine future policy and impact on the economy.

He also underscores that the government’s aims in its natural gas policy are to lower the cost of living, while taking advantage of the diplomatic benefits Israel’s natural gas offers.

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