Israel Could Lose Millions on Natural Gas Discoveries Due to Lack of Export Policy

Israel still hasn't set a taxation policy for exported natural gas, even though exports could total $300 billion and the state could stand to take in $70 billion of that, according to the Tzemach committee's projection.

The cabinet is scheduled to meet soon to decide if and how Israel should export any of the natural gas discovered in offshore reserves over the past four years. But the ministers' decision, expected within the next month, won't be accompanied by any projections of how much the state will earn from exports - and that's not only because no export contracts have been drafted. The reason is that no one has any idea...