Chairman of the Israeli Institute for Economic Planning, Yossi Hollander, said at the Herzliya Conference gas panel that restricting gas exports will reduce its price by half.
“Dr. Gilead Fortuna, a Senior Research Fellow at Samuel Neaman Institute said that as we received the gas from Egypt, we did not accelerate our internal production and therefore became dependent. Israel must produce NG substitutes for the local industries and transportation and later invest in new downstream products for export, which will grow the local industries and contribution to the economy.
