(Jerusalem Post) Nadav Shemer and Sharon Udasin - British energy expert Nick Butler, a former BP Group vice president of strategy, told the Herzliya Conference on Wednesday that even in a best-case scenario, Israel will not see revenues from its off-shore natural gas discoveries until 2020 at the earliest. Butler said it would be unwise to build a major liquefied natural gas exportation facility before more is known about how much natural gas the Levant Basin actually contains. It would take at least five years and cost $6-8 billion to build such a facility.
2012-02-03 00:00:00Full ArticleBACK Visit the Daily Alert Archive