Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israel’s Natural Gas Royalties Hit Record High
Error: Contact form not found.
by JNS.org
A gas rig off Israel's coast. Israel's state royalties reached a record-high $180 million in 2014. Photo: YouTube screenshot.
JNS.org – Israel’s state royalties from natural gas exploration, drilling, and harvesting reached a record-high $180 million in 2014, an increase of 39 percent from 2013, the country’s National Infrastructure, Energy, and Water Ministry said in a statement Sunday.
According to the statement, the ministry collected $106 million in royalties from the companies operating the Tamar offshore gas field in the second half of 2014 alone. The bulk of the royalties derived from fees related to natural gas, while some $2.25 million came from fees related to oil explorations. Minerals and phosphate mining-related fees amounted to $2.75 million, and various other royalties yielded $1.5 million in revenue.
“The increase in royalties paid for natural gas, oil, and natural resources is a blessing for the Israeli economy, and it helps reduce the high cost of living,” Israeli National Infrastructure, Energy, and Water Minister Silvan Shalom (Likud) said.
