‚Israeli gas must first supply local market‘

03.02.2012                      10.Schwat. 5772


'Israeli gas must first supply local market'

Energy expert Nick Butler says that revenue from natural gas will not start streaming in until at least 2020.

Before rushing to export natural gas, Israel must first use the commodity to supply its own market, British energy expert Nick Butler said at the Herzliya Conference on Wednesday.
Israelis seem to be convinced that natural gas discoveries will lead to an immediate economic boom, but the fact is that even in a best case scenario revenues will not begin to stream in until 2020 at the earliest, Butler, a visiting fellow at King’s College London and a former BP Group vice president of strategy, said….