Tamar gas worth $52b to Israel

Tamar gas worth $52b to Israel

The Tamar gas field, which began production in April 2013, boosted Israel’s GDP by almost half a percentage point, and it is projected to boost GDP by 1.5 percentage points in 2014.
Ernst & Young Israel found that the main component of the gas’s value is not the government’s expected tax revenues from oil and gas, but the savings to the economy from the purchase of cheaper natural gas for electricity production, industry, and transportation.
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