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Back to Home » December 2011 News » Offshore Gas Bonanza Poses Opportunity, and Risk, for Israeli Economy, but Milken Institute Report Shows How Creation of Sovereign Investment Fund Can Help Ensure Country's Economic Future |
Offshore Gas Bonanza Poses Opportunity, and Risk, for Israeli Economy, but Milken Institute Report Shows How Creation of Sovereign Investment Fund Can Help Ensure Country's Economic Future |
December 12, 2011
TEL AVIV, ISRAEL--(Marketwire - Dec 12, 2011) - Within this decade, production off Israel's Mediterranean coast will produce tens of billions of cubic meters of natural gas. The resulting bonanza could lead to an annual increase in GDP of more than 2 percent -- but also a rise in the shekel to levels that could endanger Israel's export success.
Source URL: http://www.marketwire.com/mw/release.do?id=1597084&sourceType=3
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