{ "id": "R41618", "type": "CRS Report", "typeId": "REPORTS", "number": "R41618", "active": false, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 414696, "date": "2011-05-04", "retrieved": "2016-04-07T00:54:30.557632", "title": "Israel\u2019s Offshore Natural Gas Discoveries Enhance Its Economic and Energy Outlook", "summary": "Israel has been dependent on energy imports since it became a nation in 1948, but the recent offshore natural gas discoveries could change that and possibly make Israel an exporter of natural gas. Development of the recently discovered natural gas fields\u2014Tamar, Dalit, and Leviathan\u2014likely will decrease Israel\u2019s needs for imported natural gas, imported coal, and possibly imported oil. A switch to natural gas would most likely affect electric generation, but could also improve Israel\u2019s trade balance and lessen carbon dioxide emissions. Regionally, Israel\u2019s success thus far has sparked interest from its neighbors to explore their boundaries for energy resources and has raised concerns from Lebanon about sovereignty over the discoveries. Development of these new resources, and possibly other discoveries, would enhance Israel\u2019s economic and energy security. Israel is in the early stages of formulating the regulatory framework to oversee the development of these resources and may seek assistance from the United States or other natural gas producing countries in weighing its options.\nKey Points:\nThe new discoveries\u2014depending upon the actual production\u2014could represent over 200 years\u2019 worth of Israel\u2019s current natural gas consumption.\nIsrael\u2019s electrical generation sector will likely be the beneficiary of the new natural gas resources.\nAdditional natural gas and possibly oil resources may exist.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R41618", "sha1": "6ee1e2426413813f7f1aed0f569385649835f4aa", "filename": "files/20110504_R41618_6ee1e2426413813f7f1aed0f569385649835f4aa.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R41618", "sha1": "c33b034a7d796e53aa90fb4664c1e4040c81225a", "filename": "files/20110504_R41618_c33b034a7d796e53aa90fb4664c1e4040c81225a.pdf", "images": null } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc31480/", "id": "R41618_2011Jan31", "date": "2011-01-31", "retrieved": "2011-03-09T09:26:47", "title": "Israel's Offshore Natural Gas Discoveries Enhance Its Economic and Energy Outlook", "summary": "This report discusses Israel's historical dependence on energy imports, and the recent offshore natural gas discoveries that could possibly make Israel a prominent exporter of natural gas. This report also discusses how development of the recently discovered natural gas fields could affect Israel's economy and energy security, and how Israel may or may not consult with the U.S. or other natural gas producting countries while weighing its options.", "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20110131_R41618_c277d03ae1a49895af049ef987122d3e279a0d99.pdf" }, { "format": "HTML", "filename": "files/20110131_R41618_c277d03ae1a49895af049ef987122d3e279a0d99.html" } ], "topics": [ { "source": "LIV", "id": "Energy", "name": "Energy" }, { "source": "LIV", "id": "Natural gas", "name": "Natural gas" }, { "source": "LIV", "id": "Gas in submerged lands", "name": "Gas in submerged lands" }, { "source": "LIV", "id": "International trade", "name": "International trade" }, { "source": "LIV", "id": "Exports", "name": "Exports" }, { "source": "LIV", "id": "Trade", "name": "Trade" } ] } ], "topics": [ "Economic Policy", "Energy Policy" ] }