| Summary/Abstract |
During the last five years Israel was blessed with significant natural gas discoveries in the deep water of its Mediterranean coast. The Tamar and Leviathan gas fields were the largest discovered in the world in the past decade. The use of this gas will benefit Israel directly to the tune of US$6 billion per annum. In addition to the potential boost to Israel’s economy, it gives the country a unique opportunity to meaningfully change its economic and energy relations with the region — as long as politics do not stand in the way.
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