Does Israel need to “move quickly”?

As Israel grapples with her newfound natural gas resources, the US Ambassador to Israel weighs in:

While Israel has a robust gas supply in its offshore Tamar and Leviathan reservoirs, there are many countries with greater energy resources, the ambassador cautioned. The development of “a stable, predictable investment environment is critical,” as the significant upfront investment required in the hydrocarbon industry must yield reliable returns, he said.

“We have consistently encouraged Israel to demonstrate that developing its energy resources is a government priority,” Shapiro added.


This news brief about energy in Israel is provided to you by Zion Oil & Gas, Inc.

Zion Oil & Gas explores for oil and gas onshore Israel currently only within Zion’s Megiddo-Jezreel license area.