BREAKING NEWS

Panel: Save enough natural gas for 30 years of domestic use

By NADAV SHEMER

APRIL 5, 2012 19:49

Israel must retain at least 400 billion cubic meters of natural gas for domestic use between now and 2017 and producers will be permitted to export the surplus, the government-appointed Zemach Committee recommended in its preliminary report Thursday.

New limits should then be set each year until 2042 in accordance with the Energy and Water Ministry’s demand forecasts, the committee said. It estimated that Israel would need between 420-540bcm of natural gas till 2040, most of it for electricity production and the remainder for industry and transportation.

The committee determined that fields containing more than 200bcm of natural gas will supply at least half of their reserves to the domestic market. Fields containing 100-200bcm will supply at least 40 percent, and fields containing 50-100 bcm will supply at least 25%.

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