\nYossi Abu, CEO of NewMed Energy, delivered a broad overview and estimated that by 2030, an additional 85 billion shekels will be added to the state treasury. \u201cThis is a direct result of the gas revolution,\u201d he said, \u201cand thanks to it, electricity prices in Israel have fallen by 15% over the past decade\u2014while in Europe, they rose by 27%.\u201d<\/p>\n
Abu stressed the importance of exports to ensure continued development of gas fields. \u201cWe\u2019re investing billions in the reservoirs\u2014without exports, development simply isn\u2019t worthwhile.\u201d He noted that the majority of gas remains in Israel, with exports accounting for only about one-third. He also stated that in terms of reserves, Israel leads among OECD nations, and that if additional fields are discovered, gas may no longer hold commercial value by the late 2030s.<\/p>\n
\u201cThe Public Pays Too Much \u2013 and Will Get Less in the Future\u201d<\/strong> Energy Ministry representative Sagie Ganot Shachar clarified: \u201cWe have a responsibility not only toward 2050, but also for the years ahead. There needs to be a balance between investment, exports, and energy security.\u201d At a session of the Sovereign Wealth Fund Oversight Committee, new data on natural gas revenues was presented; Committee chair: \u201cWe want citizens to pay less for electricity.\u201d<\/p>\n","protected":false},"author":40,"featured_media":22147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2276,8,85],"tags":[5269,5272,5262,1480,1483,5268,5267,5264,5265,5263,5270,5271,5266],"class_list":["post-22145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-people","category-politics","category-positive-moment","tag-electricity-prices","tag-energy-exports","tag-gas","tag-israel","tag-knesset","tag-linor-deutsch","tag-lobby-99","tag-natural-gas-revenues","tag-newmed-energy","tag-nissim-vaturi","tag-sagie-ganot-shachar","tag-sovereign-wealth-fund","tag-yossi-abu"],"yoast_head":"\n
\nThis position sparked sharp opposition during the discussion. Attorney Linor Deutsch, CEO of Lobby 99, presented a critical view: \u201cThe real fight isn\u2019t about whether to extract\u2014it\u2019s about how much the public will receive. Top geologists believe there are no more significant fields to be found, and if exports continue, there will be less left for future generations.\u201d
\nShe added that past revenue forecasts had not been realized, and the public paid the price economically.<\/p>\n![\"\"](\"https:\/\/reganews.co.il\/en\/wp-content\/uploads\/2025\/05\/3-21-1024x683.webp\")
\nCommittee Chairman MK Vaturi concluded with a clear call: \u201cWe want to see everyday citizens paying less for electricity, and we must also protect our reserves for the generations to come.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"