Director General of the Ministry of Energy A mighty Udi Appeared yesterday in the Knesset before the Committee on the Gas Fund headed by MK Musi Raz (Meretz), and estimated that from 2030 all cars imported to Israel will be electric. NIS 19 billion a year from gasoline taxation for cars, so there will be no incentive to import the electric car.In any case, the energy sector will not be prepared until then in terms of technological infrastructure for the care of electric cars.
Adiri praised the gas discoveries and the gas layout initiated by former Energy Minister Yuval Steinitz: “The economy currently consumes 12 BCM (billion cubic meters) of gas per year. Energy consumption increased by 1.3% per year. In 2040 consumption will exceed 20 BCM per year. The Tamar and Whale reservoirs will be sufficient for Israel for 70 years. “
“Without the Whale Reservoir, we would consume much more coal and import more gas. The gas discoveries and reduced use of coal and fuel oil saved lives. When the world price was high, the additional price for Israeli citizens was NIS 2 billion a year, but today gas prices in Israel are the cheapest in the world.”
On the subject of the wealth fund, the CEO claimed: “The gas companies pay a 23% corporate tax without discounts and benefits as given to companies like Intel. Our recommendation for the future is not to grant tax benefits. The payment of royalties increases as consumption increases. Revenues are small as gas prices fall. Our forecast of royalties is NIS 57 billion by 2064. This year we will receive NIS 1.5 billion. “
Adiri added: “The only thing that changed the revenue forecasts was the postponement of the development of the Whale Reservoir by three years. In addition, world gas prices fell. Then the price was about $ 6, and today it is $ 4.4. Since 2013 the price of gas in Israel has fallen by 32% – what Which affected the income and the operation of the wealth fund. ”
On air pollution, the director general of the Ministry of Energy said: “The electricity sector still pollutes the air despite the transition to gas production. Gas production may emit methane. Methane gas was mostly burned in production, and despite this, production companies reduced emissions by 85% with an investment of $ 35 million. ”
Source: Maariv.co.il – כלכלה בארץ by www.maariv.co.il.
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