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March 29, 2012 9:19 am

Israel Wants to Export Natural Gas to Arab Neighbors

avatar by Lakkana Nanayakkara

Israeli Minister of National Infrastructure Uzi Landau. Photo: wiki commons.

Israel is willing to export natural gas to its Arab neighbors according to Israel’s Energy Minister Uzi Landau. He mentioned Jordan and the Palestinians would be among its first customers and added “we definitely have an interest to promote that as much as we can… I see that as something important to promote peace”.

Landau said exports could begin in between five to ten years but “Israel would need to secure gas for domestic use for 30-40 years” before beginning exports.

According to Landau, if Israel decides to export natural gas, it would sell at least 5-7 billion cubic meters annually. The two large gas fields off Israel’s coast, Tamar and the larger Leviathan, are expected to contain approximately 27 trillion cubic feet of natural gas.

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