Will Israel Ever Be A Gas Exporting Country?

Home - In 2010, Israel discovered a large natural gas off-shore reserve. Dubbed Leviathan, it was supposed to be a game-changer for the country. Five years later, it’s no longer looking like a sure bet.
In theory, cheap energy from the gas field could boost the economy and provide enough power generation for decades. Tens of billions of dollars in royalties and tax revenue could pad public coffers.
Most critically, according to prime minister Binyamin Netanyahu, Leviathan has enough gas to yield Israel’s first-ever energy export deals—offsetting the state’s increasing isolation over its reluctance to hold comprehensive peace talks with the Palestinians. “Our ability to export gas enhances the strength of the state of Israel… It makes Israel much more resilient to international pressures,” he recently told the Knesset’s economics committee.

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