Gas-Rich Israel Can’t Save Europe From Energy Crisis

Israel cannot come to the rescue of Europe’s gas and energy supply crunch as it is unlikely to raise the level of its natural gas exports, a senior Israeli official told Bloomberg on Thursday. Udi Adiri, director general at the Israeli Energy Ministry, told Bloomberg that a cabinet committee in charge of the country’s gas policy would not recommend that Israel boost exports, as it would seek to ensure its own gas and electricity supply. Currently, Israel gas an export cap in place which is some 40 percent of the annual production of…