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Israel is looking to leverage its large natural gas reserves to boost the country’s energy security by cutting its demand for imported oil.
An Israeli Energy Ministry document seen by MEES calls for expressions of interest by 30 July “regarding the possibility of building and operating a GTL (natural gas to liquid fuels) facility in Israel.”
This forms part of ambitious plans, launched in January last year, to cut Israel’s use of oil for transportation by 30% by 2020 and by 60% by 2025 (compared to projected levels based on “business as usual” trends). One of the keys to achieving this is “to increase the use of natural gas and natural gas based synthetic fuels in the Israeli transportation sector,” the Israeli government says. (CONTINUED - 671 WORDS)
DATA INSIDE THIS ARTICLE
|table||Israel Road Fuel Supply And Demand|