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Energea plc announced that they find a new very large natural gas field in the offshore Israeli field 'Hermes'. The press release speaks about 7 to 15 BCM of natural gas. With this new finding Israel is definitively a significant player who can relieve the dependency of Europe - caused by Germany's self-destructive energy policy … Continue reading New Israeli Natural Gas Field: Hermes (D/E)
After what has seemed an embarrassing delay of years, the Israel Wealth Fund is finally becoming a reality. Finance Minister Avigdor Lieberman will this week sign off on the establishment of the Israel Wealth Fund by taking NIS 1.4 billion in levies from the natural gas field operators, collected under the title of the 'Natural … Continue reading The Israeli Wealth Fund will be established with 1st of June (D/E)