Israel Seeks Foreign Investment for Gas Exports

In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore in February 2013 in Israel.
Albatross via Getty

The New York Times reports: LONDON — Israel’s energy minister laid on the charm as he spoke to a few dozen oil executives, contractors and analysts in a crowded hotel conference room about the country’s natural gas prospects.

He crowed that the country could one day be a top supplier to Europe, while explaining how multinationals in other industries were already enamored of Israel.

“It is not enough to have a lot of potential,” said the minister, Yuval Steinitz, who was kicking off a road show for energy investors on Thursday at the Copthorne Tara Hotel in London. “From now on it is my job to make Israel very attractive for new exploration, for new investments, for newcomers.”

Israel is courting international money as it tries to nurture a fledgling gas industry and evolve into an energy exporter. For the first time, the country is offering drilling leases in the Mediterranean waters off its coast, testing investors’ appetite and its own energy ambitions.

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