Israel’s 2013 natural gas revenue to reach $153 million

National Infrastructure, Energy and Water Minister Silvan Shalom, pictured, said Israel’s revenue from natural gas sales in 2013 stands to reach $153 million. Credit: Wikimedia Commons.

(JNS.org) Israel’s revenue from natural gas sales in 2013 stand to reach 537 million shekels, or $153 million, according to a Monday presentation before the Knesset’s Economics Committee by National Infrastructure, Energy and Water Minister Silvan Shalom.

The projections of Shalom’s ministry say Israel’s natural gas revenue for 2015 is expected to exceed NIS 1 billion ($285 million).

“I have no doubt that these revenues, on top of the decreasing [industrial] production costs the move to natural gas entails, will lead to a decrease in the cost of living and translate into savings for every family in Israel,” Shalom said, Israel Hayom reported.

Posted on December 23, 2013 .