ASSESSMENTS

Israel Contemplates Exporting Natural Gas

Jun 27, 2013 | 10:46 GMT

Israel's offshore Tamar drilling platform.

(Albatross via Getty Images)

Summary

Israel intends to become a natural gas exporter, but it will need to overcome several challenges before it can make this intention a reality. Political and technical limitations will make it difficult to determine how much profit there is to be made from natural gas, as will the uncertainty over how much would be used for domestic consumption. Israel has taken the first steps needed to become a natural gas exporter, but even if it resolves these issues, it will take years for the country to see any strategic benefit from exporting this commodity.

The country cannot decide how it will deal with its newly found energy resources....

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