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The contribution of natural gas to Israel in 2022: NIS 3.3 billion - voila! Of money

2023-01-24T13:45:10.170Z

What was a symbol of capital-government relations, turned out to be a great blessing, especially against the background of the global energy crisis. And to think that there are those who thought that it is better for the gas to remain in the ground



Meger Tamar: He alone put in all the money.

It is estimated that the state's revenues from natural gas will increase another 4 times (Photo: Walla! NEWS system, Tomer Applebaum)

The natural gas discovered off the coast of Israel has become, in the eyes of many, a symbol of the unhealthy relationship between capital and government.

At the height of the struggle against the gas plan, there were those who were quick to declare that it would have been better if the gas had remained in the ground.

But from a report published by the Tax Authority it appears that this is a great blessing, which in the last year alone brought in billions of shekels for the well-being of the people of Israel, mainly because of the global energy crisis alone.



The Tax Authority publishes that in 2022 alone, 3.3 billion shekels entered the wealth fund, and this with reference to the Tamar reservoir only.

As a reminder, today only the Tamar Reservoir pays the Shishensky levy after reaching during the year 2020 the threshold of the levy established by law.

The wealth fund's income is expected to increase dramatically in the coming years with the start of payment from Leviathan reserves.



The state's revenues from natural gas do not add up to the wealth fund and to them are added revenues from taxes, royalties and economic savings.



Amir Foster, CEO of the Israel Natural Gas Association and Chairman of the Strategy Committee of the International Gas Union (IGU):

"Tens of billions will enter the wealth fund in the coming years. When Leviathan and Shark enter the threshold of the levy, there will be another dramatic increase in the state's revenues from natural gas and it can be estimated that the rate will reach close to a billion shekels a month."

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  • Natural gas

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  • Internal Revenue Service

Source: walla

All business articles on 2023-01-24

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