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canadian goose jacket JERUSALEM, Aug 28 (Reuters) An Israeli government panel will answer some canada goose coats gaping questions regarding the country fast growing energy sector this canada goose clearance week when it presents its canada goose factory sale final recommendations on how best to develop Canada Goose online newly found offshore natural gas fields. canadian goose jacket
canada goose coats Gas production is set to soar in Israel in the canada goose coats on sale coming decades, thanks to a cluster of canada goose store discoveries in the eastern Mediterranean, and there has been fiery debate and speculation on what Israel will do with the reserves. canada goose coats
Canada Goose Jackets The big question to be addressed is how much of the gas Canada Goose Coats On Sale will be for export. If the government, keen on ensuring Israel energy security, sets aside too much gas for domestic use, it could turn away foreign investors needed to develop the fields. Canada Goose Jackets
Canada Goose Outlet aim is to strengthen Israel energy security, Energy Minister Uzi Landau said of the committee work earlier this month. canada goose black friday sale gas is important not just for the cheap Canada Goose economy, but geopolitically. Canada Goose Outlet
If done right, Landau said, the natural gas sector can be anchor of stability in an unstable Middle East.
buy canada goose jacket Nineteen new wells are expected to be drilled in buy canada goose jacket the next two years at a cost of about $2 billion in an area larger Canada Goose Outlet than Canada Goose Jackets the country itself. The companies hope to find oil in the layers beneath the gas deposits, as well. buy canada goose jacket
Canada Goose Parka Israel is already setting up a natural gas wealth fund, and government uk canada goose outlet officials have said total revenues from gas sales could reach $130 billion by 2040. Canada Goose Parka
Canada Goose online In an interim report in April, the committee, headed by Energy Ministry director cheap canada goose uk general Shaul Tzemach, said that retaining 400 billion cubic meters (bcm) of gas, uk canada goose roughly enough to satisfy Israel needs for 25 years, could be the solution. Canada Goose online
It suggested that fields with more than canada goose uk outlet 200 bcm of gas must keep at least 50 percent of reserves Canada Goose Parka for the local market. Smaller fields will have a sliding scale on how much they need to set aside, reaching zero, canada goose depending on their exact size. Nearby Leviathan, the world largest offshore discovery of the past decade with an estimated 480 bcm, had been set for export.
canada goose coats on sale MIDDLE GROUND Since the report went public, it has been attacked on both sides by exploration companies, canadian goose jacket which want to be able to sell more gas abroad, and by some senior policy makers and environmental thecanadagooseoutlet groups looking for stricter curbs on exports. canada goose coats on sale
A slew of firms have petitioned the committee saying Israel economy is not capable of consuming enough gas, and unless they are allowed to export a significant amount, the investment of developing new fields will not be worth it.
canada goose store Texas based Noble Energy, which leads the Tamar and Leviathan groups, wrote to the panel Canada Goose Online that the interim proposals it had presented likely to materially damage the vast value potential that exists for all stakeholders. canada goose store
canada goose black friday sale Lobbying from the other side, Gilad Erdan, canada goose uk black friday minister of environmental protection, who also has a representative on the committee, said the interim recommendations were too lax on export and the government should put off making any decision. canada goose black friday sale
canada goose deals a time when the Middle East is changing, Israel must improve as much as possible its ability to develop energy independence and reduce its dependence on oil. and Canada Goose sale not be tempted by short sighted economic considerations, he said. canada goose deals
canada goose clearance sale Amit Mor, chief executive of energy consulting firm Eco Energy and a former Energy Ministry official and consultant to the World Bank, said the government committee is trying to buy canada goose jacket cheap find the middle ground. canada goose clearance sale
Canada Goose sale primary objective of the Israeli government is to guarantee energy security, thus saving sufficient natural gas reserves for domestic consumption, he said, noting gas use would increase dramatically over the next generation for both electricity generation and in transportation. Canada Goose sale
cheap Canada Goose The committee final recommendations, which will be brought to the government for approval, could be made public as canada goose clearance sale early as Wednesday cheap Canada Goose.