Last Saturday (March 30) Israel took a large step toward energy independence, as natural gas from the smaller of its newly discovered Mediterranean gas fields began to flow.
By the end of this decade Israel will not only be supplying its own needs fully, but exporting natural gas to the world market. It will be able to supply itself for at least 50 years and perhaps three times as long–reducing its energy costs, improving its environment, making the cost of production lower, and increasing prosperity and state revenues. This natural gas supply more than replaces what Israel used to receive from Egypt, but Egypt has become an unreliable supplier for Israel (and for Jordan as well). Read more »