Gas Fields – Incentives to Form Relations with Neighboring Countries - ISRAEL DEFENSE

Two panels at the Hadera EnergyTech Conference revolved around gas fields as an incentive to improve the geo-political situation in the region and around the issues of gas taxation in Israel

Dan Arkin | 4/04/2016

The discovery of gas fields is a tremendous incentive for the economic development of Israeli industries, for development of transportation and for the reduction of air pollution. It is also an incentive to create an infrastructure of improved and innovative international contacts and relationships with neighboring countries, such as Jordan, Egypt, the Palestinian Authority, Greece, Cyprus and Turkey. This is the main conclusion of two panels of energy experts, who participated in the Hadera EnergyTech Conference held at the Hilton Hotel in Tel Aviv.

All the speakers expressed their hope that the Israeli government and all relevant parties will rush to develop the Leviathan gas field, as well as other, new fields. Yossi Abu, CEO of Delek Drilling, said, "the use of gas is a revolution in public health due to reduction of air pollution. Gas is a key factor in positioning the geopolitical status of Israel ".

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December 18th, 2015

The prospect of Israel importing natural gas to Turkey is unlikely, according to natural gas and geopolitical consultant George D. Papadopoulos. He offered the opinion at a conference entitled "2015 Business and Energy," which recently took place in Israel, during which he described the new geopolitical landscape in the Eastern Mediterranean region.

His opinion could likely rub investors the wrong way: Turkey is reportedly the destination to which Noble Energy and, in particular, Delek Group, believe its gas should go, as both regard the Turkish market as the most lucrative one.