Calcalist, Apr 13, 2010
As part of the coverage of the Tel Aviv Live 100 Conference, Ratio Oil Exploration CEO Yigal Landau was quoted in reply to the question, whether there was need for an additional gas supplier: “We believe that Israeli gas consumption will grow in the future, due to the development of new water desalination and alternative energy plants.”
Landau added that risks in this highly uncertain field can be managed better through a 15 million dollar investment in licenses for mapping technologies. He said that this investment makes up 10 percent of the expected cost of drilling.
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