The discovery of vast repositories of natural gas under Israel has transformed the country into a green-energy mogul and major industry player almost overnight.
For decades, Israel has been part of the log-jam of Middle Eastern countries vying for imported oil, but now the country has enough natural gas to not only gain energy independence, but begin exporting to foreign markets, including Europe.
Several Israeli representatives have proposed a “gas for peace” treaty in hopes of devolatilizing the Middle East. However, Arab countries aren’t expected to willingly cooperate with the Jewish-state, no matter how tempting the price point. Their animosity runs thousands of years deep and is rooted in incorrigible religious differences.
Phinas Avivi, director of strategic affairs at the Israeli Foreign Ministry, says there is “an interesting cocktail of possibilities” in play. “The trick is to use the gas to solve problems, not create new problems.”
Despite Israel now having leverage over the rest of the region, it appears as if their leadership won’t use it to bully others around. In the coming weeks, they’re expected to announce plans for tax incentives and export limitations on natural gas in hopes of regulating the hot commodity.
Economists have warned against creating a natural gas ‘bubble’ in Israel. The sudden influx of ‘petrodollars’ could possible inflate the value of the shekel, crippling the country’s competitiveness in other areas of trade.
Prime Minister Benjamin Netanyahu has hailed production in the Tamar repository, which began operating in March, as “an important step towards energy independence.” Tamar is the merely the first of many gas fields set to be tapped this year. The largest, an off-shore reserve nicknamed Leviathan, is scheduled to go online by 2016. Leviathan holds enough natural gas to supply the entire European Union for over a year!
But natural gas isn’t the same as the petroleum you use to fuel your car, or heat your home. Liquid petroleum gas (LPG) is a mixture of hydrocarbon gases and is manufactured during the refining of crude oil and natural gas. The process is complicated and somewhat costly.
NRGLab has developed a more-efficient process of gasification for converting natural gas, coal, and agricultural waste into clean-burning fuel. This breakthrough has the potential to save countries like Israel billions of dollars as they pursue brand new economic opportunities. When natural gas is in limited supply, why risk wasting an ounce of useable product?
Visit http://www.nrglab.asia to learn more about the process and become part of the green-energy tech revolution.
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