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(Jerusalem Post) Zachy Hennessey - The BDO economic consulting firm in Israel reported that the country has saved over $87 billion over the past decade thanks to natural gas production. This includes savings of $35 billion in energy costs and $52 billion in pollution-related costs due to the use of gas instead of coal. At the same time, Israel's total natural gas reserves have grown from 780 billion cubic meters (BCM) in 2012 to 1,087 BCM today, due to additional discoveries and updated estimates of reservoir size. Amir Foster, CEO of the Israel Natural Gas Association, emphasized that Israel's natural gas industry "has made it immune to the energy crisis that is shaking the world."2023-06-22 00:00:00Full Article
Israel's Natural Gas Saved Its Economy $87 Billion over Decade
(Jerusalem Post) Zachy Hennessey - The BDO economic consulting firm in Israel reported that the country has saved over $87 billion over the past decade thanks to natural gas production. This includes savings of $35 billion in energy costs and $52 billion in pollution-related costs due to the use of gas instead of coal. At the same time, Israel's total natural gas reserves have grown from 780 billion cubic meters (BCM) in 2012 to 1,087 BCM today, due to additional discoveries and updated estimates of reservoir size. Amir Foster, CEO of the Israel Natural Gas Association, emphasized that Israel's natural gas industry "has made it immune to the energy crisis that is shaking the world."2023-06-22 00:00:00Full Article
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