EMC's Noach Hager exemplifies how government policy is failing Israel's natural gas industry.
It was exactly two years ago that Noach Hager, an economist at Bank Leumi at the time, published the report titled “The Potential of Natural Gas in the Israeli Economy”, where he outlined that “regulation is the main barrier for the timely development of Leviathan”, and outrageously forecasted that “the earliest Leviathan will be able to produce first gas for the domestic market will be in 2019”.
Hager invested three years in studying for a MSc in Energy Management, with the hopes of contributing to the “bright” future of Israel’s natural gas industry. During the formulation of natural gas agreement one year ago, Hager published his master’s thesis on the establishment of a state-owned gas company to participate alongside private companies in Israel’s upstream industry.
